Disney is paying a dividend again. It will pay shareholders 30 cents reflecting results for the second half of 2023.
Angus Mordant/Bloomberg
Sometimes the stock market looks efficient, but sometimes it doesn’t seem to make sense. Just take
Walt Disney
and
General Motors’
recent cash-return decisions.
For starters, Disney brought back its dividend this week. The news was received about as well as another Ant-Man sequel. (Ant-Man’s Quantumania is the lowest-rated Marvel film listed on the movie review site Rotten Tomatoes.)
Shares were trading at about $92.50 before the announcement, and they stood at $92.40 in late trading Friday.
GM increased its dividend this week. The company will now pay 12 cents a quarter, up from nine. GM also announced a $10…
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