Today I added Disney (NYSE: DIS) on a ~10% stock price pullback due to a slight revenue miss according to Wall Street. This presented a good opportunity to own a piece of this iconic company.
Disney (NYSE: DIS) owns Walt Disney Parks & Resorts, Pixar studios, Marvel Entertainment and recently bought rights to the lucratic Star Wars franchise. This is a 90+ yr old company that has been making the right moves for years and building a conglomerate of global brands. This has helped them maintain growing revenues streams for decades to come.
With earnings growing at average annual rate of 10+% and at least 5 consecutive years of increasing dividend, Disney continues to be a good consistent growth stock as well as paying out a humble income of 1.3% dividend yield.
This purchase will add $13/yr to my dividend income portfolio
Basic info:
Market CAP: 206B EPS: $4.65 Dividend %: 1.3
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