Wednesday, November 30, 2016

Disney Shares

The House of Mouse has seen its stock price decline over the last 11 months; even so, the Diz Co. today made some happy announcements:

Disney recorded revenue this fiscal year that rose to $55.6 billion, in large measure due to 'Star Wars: The Force Awakens.'

Walt Disney, buoyed by record financial results, boosted its semi-annual dividend by 10 percent, saying Wednesday it will pay stockholders 78 cents for each share they own on Dec. 12, up from 71 cents previously.

In the fiscal year, which ended Oct. 1, Disney recorded revenue that rose 6 percent to $55.6 billion and net income that rose 12 percent to $9.4 billion, in large measure due to a record $7.5 billion in box-office results led by Star Wars: The Force Awakens. ...

Whether you like how Robert Iger has turned the Walt Disney Company into the Berkshire Hathaway of entertainment conglomerates or you hate it, it's hard to argue with Disney's success under his leadership.

Perfectly true that Mr. Iger has made Disney less like the company it used to be, but Diz Co. has changed and evolved continually over the past ninety years. Frankly, it ceased being genuine Disney when Walt and Roy exited the corporate offices half a century ago.


Site Meter