Disney Plans to Buy Back Their Stock in 2014

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site

dis

The Walt Disney Co. will buy back up to $8 billion in stock next year. This will give a boost to investor returns, the company’s chief financial officer Jay Rasulo said.

Rasulo cited confidence in the return on Disney‘s investments, and its stock price, which has increased from 25% to $65.49 a share.

“We really see the opportunity, given where the share price is, given where the capital markets are, to target at least $6 [billion] and possibly up to $8 billion in buy back,” he said.

This is a significant increase in the company’s program to return capital to investors. The company probably will have to borrow to reach that target. Still, Rasulo said the company would be able to increase the buyback while maintaining its debt rating of “A.”

The company’s market capitalization is now nearly $117 billion. The company boosted its dividend by 25% to 75 cents a share, last year.

Wishing you Faith, Trust, and Pixie Dust

Sunshine


D2T-1

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Name(Required)
MM slash DD slash YYYY
This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!


Written by:

This account is for Past Writers and Friends who love Disney and want to share that love with you.
View All Posts
Follow Me :