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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.
  • 5 stocks we like better than Walt Disney.

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Should you invest $1,000 in Walt Disney right now?

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While Walt Disney currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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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)
4.6365 of 5 stars		$114.27+1.6%0.79%42.17Moderate Buy$123.83
Communication Services Select Sector SPDR Fund (XLC)N/A$97.34+0.6%0.54%29.67Moderate Buy$97.34
Netflix (NFLX)
4.1815 of 5 stars		$883.85+1.4%N/A50.02Moderate Buy$764.82
Paramount Global (PARA)
1.3829 of 5 stars		$10.58+2.4%1.89%-1.29Reduce$12.40
Compare These Stocks  Add These Stocks to My Watchlist 


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