Why Disney's Decision to Bring Back Its Dividend This Year is a Big Deal
Disney (NYSE: DIS) recently brought back a familiar friend as longtime CEO Bob Iger came out of retirement and returned to his former role. He plans to do something similar for shareholders by reinstating a dividend later this year. That's a big deal, even for investors who don't really care about collecting dividend income.
Here's why Disney's decision to bring back the dividend is a potential catalyst investors won't want to overlook.
Like many companies, Disney had to suspend its dividend during the pandemic to conserve cash due to its impact on its business. While many of those companies have since resumed paying dividends, Disney kept its payout on ice while working through the pandemic's lingering impact and making heavy investments in streaming. However, that's about to change.
Source Fool.com
