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Walt Disney has increased its annual dividend by 33% to $1 per share, indicating that the company's revitalization plan implemented two years ago is paying off. This money will be distributed to shareholders in two installments of 50 cents each in January and July next year. Bob Iger, CEO of the company, said in a statement on Wednesday: "As the company operates with new strength, we are happy to increase shareholder dividends and continue to invest for the future." In fiscal year 2024, Disney will pay a dividend of 75 cents per share. Prior to the new dividend payout, the company predicted profit growth for the next three years in November and announced the second consecutive profit for its streaming TV business. (Bloomberg)
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