food IS a theme park
If we’re being blunt, Disney’s stock has been underperforming this year.
©The Walt Disney Company
With the low cost per share, shareholders have been unimpressed. But recently, Disney reinstated cash dividends as a way to build trust with investors. Amid the pandemic, Disney had removed the dividends, but now, three years later, they are back as a way to entice shareholders who have stock in the company. But was that the right move on Disney’s end? Some may not think so.
The Walt Disney Company has been put through the wringer lately, between political controversy, lawsuits, labor strikes, and more.
©Disney | Walt Disney Company Headquarters
It’s caused a lot of uncertainty about the future of the company, causing investors to turn the pressure up on CEO Bob Iger and the board. Not only that, but Disney stock has seen its fair share of troubles over the past year, and now, it’s dropped to its lowest point since 2014.
It’s been a tumultuous few years for The Walt Disney Company, with 2022 coming in as one of the worst for Disney stock since 1974.
©Disney | Walt Disney Company Headquarters
From a global pandemic to disappointed shareholders and an ousting of Chapek as CEO, it’s no wonder Disney stock has fluctuated lately. We saw stock prices spike immediately following the announcement that Bob Iger had returned as CEO of Disney. Now, it looks like Disney stock prices have risen again.
Let’s just say — 2022 was not an easy year for The Walt Disney Company.
Magic Kingdom
Although the parks were back open post-pandemic and plenty of new content was released in theaters and on Disney+, the company was suffering financially. It all came to a head when CEO Bob Chapek left the company after just two years and was replaced by his predecessor Bob Iger. The financial issues were reflected in the stock market…and the final results aren’t pretty.
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