Burbank, Ca. – The Walt Disney Company (NYSE: DIS) board today declared an annual cash dividend of $0.35 per share, payable on January 20, 2009 to shareholders of record at the close of business December 15, 2008. The January dividend payment represents the 53 rd consecutive year of dividend payments to shareholders.
“Despite a steadily weakening economy, we delivered a very solid performance for our 2008 fiscal year,” said Robert A. Iger, president and CEO. “Record earnings per share coupled with prudent financial management have put Disney in the good position of being able to return capital to our shareholders even as we invest for future growth.”
About The Walt Disney Company:
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with four business segments: media networks, parks and resorts, studio entertainment and consumer products. Disney is a Dow 30 company with annual revenues of over $37.8 billion in its last fiscal year.
Forward Looking Statements:
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of our views and assumptions regarding future events and business performance as of the time the statements are made and we do not undertake any obligation to update these statements. Actual events may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, as well as from developments beyond the Company’s control, including international, political, health concern and military developments and changes in domestic and global economic conditions that may affect our businesses generally. Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended September 27, 2008 and in subsequent reports on Form 10-Q under Item 1A “Risk Factors.”