Walt Disney Company (DIS) just declared $0.84 semi-annually dividend. This is an increase of 7.7% from $0.78.
I own 23 shares, so this will increase my annual dividend income by $2.76 to $4,569.42
I bought and wrote about DIS in great detail. I truly believe that this company is a forever company. I was expecting a double-digit dividend increase, but I am happy this. They are most likely being conservative because of all of the upcoming investment ideas Disney has in the works.
The last dividend increase was 9.9% in 2016. The year before that it was 15% in 2015. Next year dividend raises I expect something around 10%.
I would love more shares of DIS, however, I would buy more if it gets under $100. I still find the company to be undervalued at current prices, and I would recommend a BUY to investors that do not have any shares of DIS currently.
Liking the dividend increase?
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