This Simple Move Could Make Disney a Great Dividend Stock
When you think of dividend stocks, it's likely The Walt Disney Company (NYSE: DIS) doesn't appear near the top of your radar. After all, shares of the company currently yield 1.6%, less than the greater S&P 500 yield of 1.9%.
But there's one way in which Disney truly stands out: Since 2012, the House of Mouse has more than doubled its dividend, rising at a nearly 16% annualized rate. Although it's become a business cliche, it's advisable for dividend investors to follow the advice of hockey great Wayne Gretzky and "skate to where the puck is going, not where it's been." In dividend investing, that means to look for companies with the ability and desire to increase their payouts in the years to come.
Still, there's one simple change Disney could make to become a more dividend-friendly company: change its payout schedule from semiannually to quarterly.
Source: Fool.com
Walt Disney Co. Stock
With 42 Buy predictions and not a single Sell prediction Walt Disney Co. is an absolute favorite of our community.
With a target price of 114 € there is a slightly positive potential of 7.93% for Walt Disney Co. compared to the current price of 105.62 €.
