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Disney dividend is back as big investors press for board changes

Kate Stalter
Written by Kate Stalter | Reviewed by Don Miller
December 7, 2023

Key Points

  • Disney announced a 30-cent dividend, reinstating the shareholder payout after a pause that begin in 2020 due to pandemic closures of movie theaters, theme parks and cruises.
  • Activist investor Ancora sent Disney shareholders a letter encouraging a board seat for Nelson Peltz, who holds a $2.5 billion stake.
  • Ancora criticized Disney's governance, succession planning, and value destruction, calling for shareholder-driven change.
  • MarketBeat previews the top five stocks to own by March 1st.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Walt Disney (DIS)
4.8639 of 5 stars		$111.18+2.3%0.90%36.22Moderate Buy$125.44
Communication Services Select Sector SPDR Fund (XLC)N/A$103.22+0.2%0.51%29.67Moderate Buy$103.22
Netflix (NFLX)
4.2607 of 5 stars		$988.47-1.5%N/A49.85Moderate Buy$1,021.70
Paramount Global (PARA)
0.6536 of 5 stars		$11.67+1.6%1.71%-1.42Reduce$12.58
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