The Walt Disney Company to Issue Dividend of $0.75 (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) declared a dividend on Thursday, November 13th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.75 per share by the entertainment giant on Wednesday, July 22nd. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Walt Disney has decreased its dividend payment by an average of 0.2%annually over the last three years. Walt Disney has a dividend payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Walt Disney to earn $6.13 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.3%.

Walt Disney Trading Down 1.7%

Shares of Walt Disney stock traded down $1.83 during trading on Friday, hitting $105.78. The stock had a trading volume of 10,825,418 shares, compared to its average volume of 9,448,272. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $190.19 billion, a PE ratio of 16.57, a P/E/G ratio of 1.45 and a beta of 1.55. Walt Disney has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a 50 day simple moving average of $113.03 and a 200 day simple moving average of $114.30.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS. On average, research analysts expect that Walt Disney will post 5.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DIS. Vanguard Group Inc. raised its holdings in Walt Disney by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 158,121,947 shares of the entertainment giant’s stock valued at $18,104,963,000 after acquiring an additional 620,463 shares during the last quarter. State Street Corp boosted its stake in Walt Disney by 0.8% during the 2nd quarter. State Street Corp now owns 79,643,043 shares of the entertainment giant’s stock worth $9,915,465,000 after purchasing an additional 625,893 shares during the period. Geode Capital Management LLC increased its stake in Walt Disney by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock valued at $4,935,928,000 after buying an additional 458,077 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth $4,220,599,000. Finally, Norges Bank acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $2,618,295,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.