Will Disney Bring Back Its Dividend Back Next Week?
Mickey Mouse has gone from being a payout prince to a pauper this year after suspending his semiannual dividend back in May. Walt Disney (NYSE: DIS) wasn't the only blue chip to hit pause on its payouts, but now investors are starting to wonder when they'll resume.
Disney's springtime announcement that it was forgoing its payment of a semiannual cash dividend for the first half of fiscal 2020 made sense. The pause was framed as a way to preserve $1.6 billion in cash at a time of uncertainty and disruption in the wake of the COVID-19 crisis. It's a matter of when -- not if -- the dividend will come back. We could find out as soon as next week if the next payment will also be nixed.
Image source: Disney.
Source Fool.com
