“With the company operating from a renewed position of strength, we are pleased to increase the dividend for shareholders while continuing to invest for the future,” CEO Bob Iger said in a statement Wednesday.
In fiscal 2024, Disney paid a dividend of 75 US cents per share. The new payout comes after Disney forecast earnings growth for the next three years in November and posted its second consecutive profit from its streaming TV business.
Disney suspended its dividend in 2020 when the pandemic shut down its theme parks and live sports business.
Activist investor Nelson Peltz made restoring the dividend a part of his unsuccessful efforts to get a board seat.
See also: Apple fuels stock market rebound after Trump says he helped Cook
Iger made it priority as well and the company started paying a dividend again last year.
