The Walt Disney Company Announces Semi-Annual Cash Dividend of $0.88 Per Share

BURBANK, Calif.–(BUSINESS WIRE)–The Walt Disney Company (NYSE: DIS) Board of Directors today announced a
semi-annual cash dividend of $0.88 per share, payable January 10, 2019
to shareholders of record at the close of business on December 10, 2018.
The Company last paid a semi-annual dividend of $0.84 per share in July.

“Given our record financial performance in fiscal 2018, we are pleased
to increase our dividend to shareholders, while continuing to invest for
future growth with our pending acquisition of 21st Century Fox and the
ongoing development of our direct-to-consumer business,” said Robert A.
Iger, Chairman and Chief Executive Officer, The Walt Disney Company.
“This payment brings our total dividends for the fiscal year to $1.72 a
share.”

The Company also announced that it has scheduled its annual
shareholders’ meeting for Thursday, March 7, 2019 in St. Louis, MO.

About The Walt Disney Company:

The Walt Disney Company, together with its subsidiaries, is a
diversified worldwide entertainment company with operations in four
business segments: Media Networks, Studio Entertainment,
Direct-to-Consumer and International; and Parks, Experiences and
Consumer Products. Disney is a Dow 30 company and had annual revenues of
$59.4 billion in its Fiscal Year 2018.

Forward-Looking Statements:

Management believes certain statements in this press release may
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are
made on the basis of management’s views and assumptions regarding future
events and business performance as of the time the statements are made.
Management does not undertake any obligation to update these statements.

Actual results may differ materially from those expressed or implied.
Such differences may result from actions taken by the Company, including
restructuring or strategic initiatives (including capital investments or
asset acquisitions or dispositions), as well as from developments beyond
the Company’s control, including:

  • changes in domestic and global economic conditions, competitive
    conditions and consumer preferences;
  • adverse weather conditions or natural disasters;
  • health concerns;
  • international, political, or military developments; and
  • technological developments.

Such developments may affect entertainment, travel and leisure
businesses generally and may, among other things, affect:

  • the performance of the Company’s theatrical and home entertainment
    releases;
  • the advertising market for broadcast and cable television programming;
  • demand for our products and services;
  • expenses of providing medical and pension benefits;
  • income tax expense;
  • performance of some or all company businesses either directly or
    through their impact on those who distribute our products; and
  • completion of the pending transaction with 21CF.

Additional factors are set forth in the Company’s Annual Report on Form
10-K for the year ended September 29, 2018 under Item 1A, “Risk
Factors,” and subsequent reports.

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