{"id":380454,"date":"2020-11-12T17:04:09","date_gmt":"2020-11-12T22:04:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380454"},"modified":"2020-11-12T17:04:09","modified_gmt":"2020-11-12T22:04:09","slug":"the-walt-disney-company-board-decides-to-forgo-next-semi-annual-cash-dividend-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-walt-disney-company-board-decides-to-forgo-next-semi-annual-cash-dividend-2\/","title":{"rendered":"The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend<\/b><\/p>\n<p>BURBANK, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Walt Disney Company (NYSE: DIS) Board of Directors today announced that it will not declare a semi-annual cash dividend for the second half of fiscal 2020, in light of the ongoing impact of COVID-19 and the Company\u2019s decision to prioritize investment in its direct-to-consumer initiatives.\n<\/p>\n<p><b><span class=\"bwuline\">Forward Looking Statements<\/span><\/b><\/p>\n<p>\nCertain statements and information in this communication may be deemed to be \u201cforward-looking statements\u201d within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements identified by the words \u201cwill not\u201d or similar words and other statements that are not historical in nature. These statements are made on the basis of management\u2019s 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.\n<\/p>\n<p>\nActual 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, asset acquisitions or dispositions, integration initiatives and timing of synergy realization, new or expanded business lines or cessation of certain operations) or other business decisions, as well as from developments beyond the Company\u2019s control, including:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nchanges in domestic and global economic conditions, competitive conditions and consumer preferences;\n<\/li>\n<li>\nadverse weather conditions or natural disasters;\n<\/li>\n<li>\nhealth concerns;\n<\/li>\n<li>\ninternational, regulatory, political, or military developments;\n<\/li>\n<li>\ntechnological developments; and\n<\/li>\n<li>\nlabor markets and activities;\n<\/li>\n<\/ul>\n<p>\neach such risk includes the current and future impacts of, and is amplified by, COVID-19 and related mitigation efforts.\n<\/p>\n<p>\nSuch developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable):\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nthe performance of the Company\u2019s theatrical and home entertainment releases;\n<\/li>\n<li>\nthe advertising market for broadcast and cable television programming;\n<\/li>\n<li>\ndemand for our products and services;\n<\/li>\n<li>\nconstruction;\n<\/li>\n<li>\nexpenses of providing medical and pension benefits;\n<\/li>\n<li>\nincome tax expense;\n<\/li>\n<li>\nperformance of some or all company businesses either directly or through their impact on those who distribute our products; and\n<\/li>\n<li>\nachievement of anticipated benefits of the TFCF transaction.\n<\/li>\n<\/ul>\n<p>\nAdditional factors are set forth in the Company\u2019s Annual Report on Form 10-K for the year ended September 28, 2019 under Item 1A, \u201cRisk Factors,\u201d Item 7, \u201cManagement\u2019s Discussion and Analysis,\u201d Item 1, \u201cBusiness,\u201d and subsequent reports, including, among others, quarterly reports on Form 10-Q.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201112006101r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201112006101\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201112006101\/en\/<\/a><\/span><\/p>\n<p><b><span class=\"bwuline\">Media Contacts<\/span><\/b><\/p>\n<p>\nZenia Mucha<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:zenia.mucha@disney.com\">zenia.mucha@disney.com<br \/>\n<\/a><br \/>(818) 560-5300\n<\/p>\n<p>\nDavid Jefferson<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:david.j.jefferson@disney.com\">david.j.jefferson@disney.com<br \/>\n<\/a><br \/>(818) 560-4832\n<\/p>\n<p><b><span class=\"bwuline\">Investor Contact<\/span><\/b><\/p>\n<p>\nLowell Singer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:lowell.singer@disney.com\">lowell.singer@disney.com<br \/>\n<\/a><br \/>(818) 560-6601\n<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Entertainment Theme Parks Mobile Entertainment Other Entertainment General Entertainment TV and Radio Film &amp; Motion Pictures Music Licensing (Entertainment)<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend BURBANK, Calif.&#8211;(BUSINESS WIRE)&#8211; The Walt Disney Company (NYSE: DIS) Board of Directors today announced that it will not declare a semi-annual cash dividend for the second half of fiscal 2020, in light of the ongoing impact of COVID-19 and the Company\u2019s decision to prioritize investment in its direct-to-consumer initiatives. Forward Looking Statements Certain statements and information in this communication may be deemed to be \u201cforward-looking statements\u201d within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements identified by the words \u201cwill not\u201d or similar words and other statements that are not historical in nature. These statements are made on the basis of management\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-walt-disney-company-board-decides-to-forgo-next-semi-annual-cash-dividend-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380454","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-walt-disney-company-board-decides-to-forgo-next-semi-annual-cash-dividend-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Walt Disney Company Board Decides to Forgo Next Semi-Annual Cash Dividend BURBANK, Calif.&#8211;(BUSINESS WIRE)&#8211; The Walt Disney Company (NYSE: DIS) Board of Directors today announced that it will not declare a semi-annual cash dividend for the second half of fiscal 2020, in light of the ongoing impact of COVID-19 and the Company\u2019s decision to prioritize investment in its direct-to-consumer initiatives. Forward Looking Statements Certain statements and information in this communication may be deemed to be \u201cforward-looking statements\u201d within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements identified by the words \u201cwill not\u201d or similar words and other statements that are not historical in nature. 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