Disney raises annual dividend to 86 cents

AP News
Posted: Dec 04, 2013 4:40 PM

NEW YORK (AP) — Disney is raising its annual dividend to 86 cents from 75 cents.

The Walt Disney Co. says it is boosting its dividend by 15 percent after its third-consecutive year of record net income, earnings per share, and revenue.

The Burbank, Calif., company's next dividend is payable Jan. 16 to shareholders of record on Dec. 16.

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Disney also says it will hold its next annual meeting on March 18 in Portland, Ore.