On Tuesday afternoon, Bob Iger, CEO of media giant The Walt Disney Company (DIS), was on CNBC giving some commentary on the current state of Disney’s business.
Iger first addressed the recent vote by shareholders on whether the company should separate the CEO and chairman positions; Iger currently serves both roles. The shareholders voted against the proposal and Iger seemed to agree with the vote, saying that Disney “does not have any governance issues.” He believes that holding the title of both CEO and chairman does not lead to poor operations.
Furthermore, Iger said that Disney’s theme parks business is currently thriving; it is stronger now than at the same time a year ago.
Walt Disney shares were down a fraction during pre-market trading on Wednesday. The stock is up +35.2% over the past twelve months.
The Bottom Line
Shares of Walt Disney (DIS) have a dividend yield of 1.31% based on last night’s closing price of $57.11 and the company’s annualized dividend payout of 75 cents per share.
The Walt Disney Company (DIS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.