By Cynthia Littleton Business Editor Disney will skip its scheduled July dividend payment as the company looks to ensure it has ample liquidity amid the coronavirus shutdown that has hammered the media giant’s revenue and earnings.
Disney chief financial officer Christine McCarthy said the company would take the rare step of skipping the payment for the first half of 2020.
That will save Disney about $1.6 billion if the dividend payment was in keeping with recent levels at about 88 cents a share.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.