After the closing bell on Wednesday, The Walt Disney Company (DIS) boosted its annual dividend by 34%. Here’s what this news means for mutual fund investors.
Inside Disney’s Dividend Increase
After reporting record results for FY2014, Disney has boosted its annual dividend by 34%. The company pays its dividend every January. The next dividend will be $1.15, compared to last year’s dividend of 86 cents. The dividend will be paid on January 8. Information about the upcoming dividend is below.
Mutual Funds to Watch
This dividend increase is a direct results of the company’s continued success and increase in share price. For investors seeking exposure to the company, a mutual fund investment could be a good alternative. Below are the three mutual funds that currently own the largest stakes in DIS.
Vanguard Total Stock Index Fund
Vanguard 500 Index
The Bottom Line
Disney’s dividend increase is great news for income-focused investors, although its dividend yield still may not be ideal for a dividend investor. Investors interested in Disney may also be interested in SeaWorld Entertainment (SEAS) and Time Warner (TWX)
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