Is Disney a Great Dividend Stock?
If you're buying Disney (NYSE: DIS) these days, it's not for the pocket change. The media giant suspended its semiannual dividend in May. It announced earlier this month that it will also be nixing its next semiannual payout.
Asking if Disney is a great dividend stock -- when it's now been nearly a year since shareholders have received a distribution check -- might seem cruel. However, Disney emphasized during its earnings call two weeks ago that the payout disruption isn't permanent.
The House of Mouse will get back to returning money to its shareholders, probably as soon as next year. It's just like any hero in a Disney animated feature at this point: We're going on a transformative journey here, and how things appear now aren't how they'll be later on.
Source Fool.com
