Disney raises annual dividend to 86 cents

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NEW YORK (AP) - Disney is raising its annual dividend to 86 cents from 75 cents.

The Walt Disney Co. says it is boosting its dividend by 15 percent after its third-consecutive year of record net income, earnings per share, and revenue.

The Burbank, Calif., company's next dividend is payable Jan. 16 to shareholders of record on Dec. 16.

Disney also says it will hold its next annual meeting on March 18 in Portland, Ore.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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