Acquisition DIS

walt-disney-company-logoContinuing my buying trend this month with yet another purchase of a great company that makes magic happen, literally. I have decided to purchase shares of The Walt Disney Company (DIS) into my portfolio. Actually, I owned shares of DIS before, but decided to sell it due to the low dividend yield back in 2013. Always regretted that decision ever since and the company has been aggressively raising its dividend yield and rewarding its shareholders year after year consistently. Not to mention, visiting Walt Disney World in Orlando, Florida this year was a blast and just seeing how truly diversified the company was mind blowing.

Company Overview: The Walt Disney Company was founded in 1923 and is headquartered in Burbank, California. Combined with its subsidiaries, the company operates as a diversified entertainment company worldwide. The company operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks include ESPN, Disney Channels, and ABC Family, and UTV/Bindass and Hungama. It also owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation club properties, a retail, dining, and entertainment complex, a sports complex, conference centers, campgrounds, golf courses, water parks, and other recreational facilities. In addition, the company operates Disneyland Resort in California, Disney Resort & Spa in Hawaii, Disney Vacation Club, Disney Cruise Line, and Adventures by Disney, and Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, as well as licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort in Japan. Furthermore, it produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings, live stage plays, licenses trade names, characters, and visual and literary properties to retailers and publishers, publishes entertainment and educational books, magazines, and comic books and operates English language learning centers in China. Lastly, the company is involved in the sale of merchandise through its retail stores, internet shopping sites, and wholesale business.

  • Dividend Yield: 1.5%
  • 5Yr Dividend Growth Rate: 35.9%
  • Payout Ratio: 24.6%
  • P/E: 17.4
  • Consecutive Years of Dividend Raises: 5

I purchased 16 shares for the price of $94.30 adding $22.72 to my annual dividend income.

This is the 6th time I am initiating a stock acquisition this year. Currently, this transaction is my first purchase of DIS shares into the portfolio since I sold my previous stake in 2013. Currently, DIS ownership stake represents to be around 1.8% of my current portfolio value. Also, the acquisition of DIS makes it the 36th company I am invested in.

The 12-month dividend income increased to $2,609.

Thank you for reading & have a great day!

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6 Comments

  1. Data Lore on September 25, 2016 at 19:19

    Congrats on the acquisition of Disney Div Vet. I’ve been looking for a fifth company to add to my portfolio, but unfortunately, DIS is a little too pricey for me (I already have XOM, which is similarly priced).

    Also, that’s a nice 12 month increase on your dividends!!! You’re an inspiration.

    • DividendVet on September 25, 2016 at 19:38

      Much appreciated. That is the thing with DIS, it is a high quality with high dividend growth rate, which seemed reasonable for me to pay a bit of higher price and receive lower yield. Just putting money to work, simple as that.

      I am glad to share my investing journey, I hope to share that FIRE that burns deep within me. 🙂

  2. Dividend Diplomats on September 26, 2016 at 21:32

    Keep on adding to your stake in DIS and adding a strong company to your dividend portfolio. The metrics are looking better and the yield is starting to increase. I’ll keep an eye on this one to see if I will start to initiate a position.

    Bert

    • DividendVet on September 27, 2016 at 21:15

      The way the company is increasing its dividend, the future is looking brighter and brighter.

      Thanks for stopping by.

  3. DividendFamilyGuy on September 28, 2016 at 06:49

    Great company but the yield is still to low for me. However I will keep an eye on it. If the stock market/price drops it may be time to get some.
    DFG

    • DividendVet on September 28, 2016 at 18:19

      That is understandable. It is a beautiful thing to watch when the price of the stock drops, increasing the dividend yield. Not sure if it will happen further down with DIS, but I would sure love to see.

      Take care.

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