Walt Disney Raises Stock Dividend By 25%

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The Walt Disney Co. said its board increased the annual
dividend on its stock by 25% to 75 cents a share.

In the past couple of years, media companies have been
trying to gain favor with investors by returning earnings to shareholders in
the form of stock buybacks and larger cash dividends.

"Fiscal 2012 was another great year for The Walt Disney
Company, creatively and financially," Bob Iger, chairman and CEO, said in a
statement.  "We achieved record revenue, net income and earnings per
share, while continuing to invest for long term growth, and we are pleased to
be able to increase our shareholder dividend by 25%."

The dividend will be paid Dec. 28 to shareholders of record
at the close of business on Dec. 10.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.