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.
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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Walt Disney (DIS)	4.852 of 5 stars 4.85 / 5 stars	$87.94	-0.8%	1.02%	95.59	Moderate Buy	$117.95
Communication Services Select Sector SPDR Fund (XLC)	N/A	$83.77	-2.1%	0.63%	29.67	N/A	N/A
Netflix (NFLX)	3.7673 of 5 stars 3.77 / 5 stars	$665.77	-2.6%	N/A	46.20	Moderate Buy	$685.29
Paramount Global (PARA)	3.1167 of 5 stars 3.12 / 5 stars	$10.09	-2.8%	1.98%	-67.26	Reduce	$12.47