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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.
  • MarketBeat previews the top five stocks to own by April 1st.
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Kate Stalter
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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)
4.8807 of 5 stars
$100.45-0.3%1.00%32.72Moderate Buy$125.64
Communication Services Select Sector SPDR Fund (XLC)N/A$98.65-0.4%0.97%18.99Moderate Buy$98.65
Netflix (NFLX)
4.0697 of 5 stars
$976.72+0.6%N/A49.25Moderate Buy$1,021.02
Paramount Global (PARA)
0.7847 of 5 stars
$11.68-1.5%1.71%-1.42Reduce$12.10
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