Walt Disney, buoyed by record financial results, boosted its semi-annual dividend by 10%, saying 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% to $55.6 billion and net income that rose 12% to $9.4 billion, due in part to a record $7.5 billion in box-office results led by Star Wars: The Force Awakens and Zootopia.
“We delivered our sixth consecutive year of record revenue, net income and earnings-per-share in fiscal 2016, and we are pleased to increase our dividend to shareholders,” Disney CEO Bob Iger said Wednesday. “This payment brings our dividends for fiscal 2016 to $1.49 a share.”
The company also announced that it will hold its annual shareholders’ meeting on March 8th, in Denver.