By Jill Goldsmith Bowing to the need to conserve cash with its business staggering under the coronavirus pandemic, Walt Disney said today it would forgo paying a dividend this July, a historic decision and one that will allow it to preserve $1.6 billion.
CFO Christine McCarthy said the board made the decision to forgo payment of a semi-annual dividend for the first half of the fiscal year that would have been applied in July.
This preserves about $1.6 bilion in cash,, assuming the company had held the dividend stable at 88 cents a share, she said on a conference call to discuss Disney’s quarterly earnings, “We are evaluating a wide range of scenarios with respect to the potential ongoing impact of COVID-19 on our business,” she said Disne
Read more on deadline.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.