Disney raises dividend to 31 cents a share

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The Walt Disney Co. said Tuesday that its board of directors raised its annual dividend by nearly 15% to 31 cents a share, payable on Jan. 12 to shareholders of record at the close of business Dec. 15. The latest payout marks the 51st consecutive year of dividend increases for Disney. The company last paid a dividend of 27 cents a share. Disney shares closed 1% higher Tuesday at $32.89.
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