Home » Archive

Articles tagged with: Walt Disney Financial Performance

Disney Corporate »

[17 Sep 2012 | No Comment | ]
Disney Takes $50 Million Write-Down on Canceled Film

Last Thursday, Disney Chief Financial Officer Jay Rasulo discussed the company’s performance this fiscal quarter at a presentation to investors at the Bank of America/Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills. Rasulo also disclosed that the company had taken a $50 million write-down following the cancellation of one of its upcoming films.
Following the cancellation of a stop motion animated film helmed by Henry Selick, the company has taken a $50 million write-down, which will cost the company two cents per share. The film, which was originally slated …

Disney Corporate »

[4 Dec 2010 | No Comment | ]
Disney Board Approves Dividend Increase of More than Fourteen Percent

Earlier this week, the Walt Disney board approved an increase to its annual dividend of $.05, bringing the total dividend per share to $.40 for 2010. The dividend will be payable on January 18, 2011 to shareholders of record as of close of business, December 13, 2010.
2010 will mark the 55th consecutive year that Disney shareholders have received a dividend, with an increase this year of more than 14% over the dividend paid last year.
Disney president and CEO Robert A. Iger attributes the increase to more than just good financial performance.
“The Walt …