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Disney dividend is back as big investors press for board changes

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.
  • Interested in Walt Disney? Here are five stocks we like better.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Walt Disney (DIS)
4.9471 of 5 stars
$111.02+2.0%0.90%40.96Moderate Buy$125.52
Communication Services Select Sector SPDR Fund (XLC)N/A$99.51+0.3%0.53%29.67Moderate Buy$99.51
Netflix (NFLX)
4.4881 of 5 stars
$984.86+3.2%N/A49.67Moderate Buy$996.94
Paramount Global (PARA)
1.8474 of 5 stars
$10.87+3.4%1.84%-1.32Reduce$12.50
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