By Cynthia Littleton Business Editor Disney will skip its scheduled July dividend payment as the company looks to ensure it has ample liquidity amid the coronavirus shutdown that has hammered the media giant’s revenue and earnings.
Disney chief financial officer Christine McCarthy said the company would take the rare step of skipping the payment for the first half of 2020.
That will save Disney about $1.6 billion if the dividend payment was in keeping with recent levels at about 88 cents a share.
Read more on variety.com