Disney hikes semi-annual cash dividend

Walt Disney Co. late Wednesday said it raised its semi-annual cash dividend to 78 cents a share from 71 cents a share, bringing its total dividends in 2016 to $1.49 a share. The entertainment giant plans to hold its annual shareholders meeting on March 8 in Denver. Shares were unchanged after hours following a decline of 0.6% to close at $99.12.

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