Walt Disney Co. has recently announced a significant increase in its annual dividend, with a raise of 33% to $1 per share. This decision reflects the positive outcomes of a turnaround strategy implemented two years ago, indicating a recovery in the company's financial performance.

Shareholders can expect the dividend to be distributed in two installments of 50 cents each, with one in January and the other in July of the upcoming year. This move highlights Disney's commitment to providing value to its investors as it continues to navigate the changing landscape of the entertainment industry.