Walt Disney (DIS) will raise its semi-annual dividend by 7.7 percent to $0.84 per share in the fourth quarter of 2017. The new dividend yield for DIS is 1.6%.

The new dividend is payable January 11, 2018 to shareholders of record at the close of business on December 11, 2017. The company last paid a semi-annual dividend of $0.78 per share in July.

“Disney’s incomparable collection of iconic brands and franchises continues to deliver strong returns, and we are pleased to increase our dividend to shareholders to $0.84 per share,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “This payment brings our total dividends for fiscal 2017 to $1.62 a share.”

The Walt Disney Company, together with its subsidiaries, is an entertainment company with operations in four business segments: Media Networks; Parks, Experiences and Products; Studio Entertainment; and Direct-to-Consumer & International (DTCI). In November 2019, the company launched Disney+, a subscription based direct-to-consumer video streaming service with Disney, Pixar, Marvel, Star Wars and National Geographic branded programming. The company's brands also include ABC, ESPN, Twentieth Century Fox, Lucasfilm, Marvel, Pixar, Freeform and FX. Prior to the 2020 dividend suspension Walt Disney had increased its dividend every year since 2010.