from a Disney Investor Relations email received today:
The Walt Disney Company Board Declares Annual Cash Dividend of $0.31 Per Share
November 28, 2006 -- The Walt Disney Company board Tuesday declared an annual cash dividend of $0.31 per share, a 14.8% increase from last year’s dividend, payable on January 12, 2007 to shareholders of record at the close of business December 15, 2006.
The January dividend payment represents the 51st consecutive year of dividend payments to shareholders.
“I’m delighted to report that 2006 was another great year for Disney by almost every measure. We delivered 34% growth in earnings per share, record revenue and record net income,” said Bob Iger, president and CEO of the Walt Disney Company. “We also generated over $6 billion in operating cash flow – another record. That cash flow allows us to invest in initiatives to drive growth, maintain a strong balance sheet and return value to investors through share repurchases and dividends.”
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