Walt Disney Co. (DIS) has increased its dividend payment to stockholders by 33%.
The entertainment company is lifting its annual distribution to $1 U.S. per share. The dividend will be paid in two installments of $0.50 U.S. a share: on Jan. 16, 2025, and on July 23, 2025.
Disney previously paid an annual dividend of $0.76 U.S. a share.
In a news release, Disney CEO Bob Iger said that Disney was increasing its dividend after a “highly successful year” at the company.
Several Disney movies performed well in theaters this past year, reversing a downward trend since the Covid-19 pandemic struck in 2020.
“Inside Out 2” topped $1 billion U.S. in ticket sales and became the highest-grossing animated film ever and “Moana 2” just set the Thanksgiving weekend box-office record.
The live action Marvel movie “Deadpool & Wolverine” also grossed more than $1 billion U.S. at the global box office.
At the same time, Disney’s streaming service turned a profit for the first time earlier this year.
Disney’s stock has gained 28% this year and is currently trading at $116.99 U.S. per share.
