PCFriar80
DIS Veteran
- Joined
- Dec 19, 2004
Disney suspended the semi-annual dividend payment of $.88 after the 1/20/20 payout. Not sure where you're getting the $.72 dividend yield from? Comments by the CEO from a 10/5/21 Investor conference:I am really disappointed in Disney stock right now. I'm still on the plus side but even after the decline a share is still 3 times the price of Comcast and Disney only pays $.72 Dividend/ Yield while Comcast pays $1.82. As a whole, what I do own in stocks really sucks right now including Disney. My only saving grace is my Dogecoin and Shiba Inu.
"According to Disney CEO Bob Chapek, dividends won't be returning anytime soon. Here is what the CEO said at an investor conference recently:
I think what we're going to do is, number one, our clear priority, and the Board agrees with management, that the clear priority is funding our new growth businesses that we've got. But once we get to a point where, again, our cash flow is funding that, handling some of the debt that we've got, then everyone agrees that it would be a great thing to reinstate that dividend and do share buybacks. But that's sort of in the distant future. "