Disney Says It Will Raise Dividend 14.7%

The board authorized an annual dividend of 86 cents a share, up 11 cents, Disney says.  It’s the 58th consecutive dividend and will be paid on January 16 to those who own shares as of December 16. “Disney had a great year creatively and financially in fiscal 2013, delivering record revenue, net income and earnings per share for the third year in a row,” CEO Bob Iger says. “We are pleased to be able to increase our shareholder dividend by 15 percent while continuing to invest for future growth.” Disney added that it plans to hold its shareholder meeting in Portland, OR on March 18.