Disney's CEO Says No Dividend Anytime Soon
Before the pandemic's onset, The Walt Disney Company (NYSE: DIS) paid a semi-annual dividend. However, when it was forced to shut its doors to several of its most lucrative businesses worldwide, Disney felt it prudent to pause the dividend payment to conserve cash.
After all, no one knew how long or how severe the pandemic would be, and making sure your corporation had enough money to endure a prolonged shutdown was a reasonable decision. But now, all of its theme parks are open, movies are playing in theaters again, and hotels are hosting guests. All of which have investors asking: When will Disney reinstate its dividend?
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Source Fool.com
