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Disney dividend is back as big investors press for board changes

Kate Stalter
Written by Kate Stalter | Reviewed by Don Miller
December 7, 2023

Key Points

  • Disney announced a 30-cent dividend, reinstating the shareholder payout after a pause that begin in 2020 due to pandemic closures of movie theaters, theme parks and cruises.
  • Activist investor Ancora sent Disney shareholders a letter encouraging a board seat for Nelson Peltz, who holds a $2.5 billion stake.
  • Ancora criticized Disney's governance, succession planning, and value destruction, calling for shareholder-driven change.
  • MarketBeat previews the top five stocks to own by June 1st.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Walt Disney (DIS)
4.7361 of 5 stars		$109.73-1.3%0.91%35.74Moderate Buy$123.54
Communication Services Select Sector SPDR Fund (XLC)N/A$100.19-0.5%1.04%18.94Moderate Buy$100.19
Netflix (NFLX)
3.7094 of 5 stars		$1,185.39-0.2%N/A59.78Moderate Buy$1,102.79
Paramount Global (PARA)
1.0055 of 5 stars		$11.97+0.9%1.67%-1.46Reduce$11.50
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