Disney raises annual dividend to $1.15 after posting 4th straight year of record profits

MarketsAssociated Press

Disney said Wednesday it is raising its annual dividend to $1.15 from 86 cents.

The Walt Disney Co. has reported record profits and revenues for the last four years. Its results in fiscal 2014, which ended in September, were lifted by the animated hit "Frozen," ''Maleficent," and Marvel films "Guardians of the Galaxy" and "Captain America: The Winter Soldier." The Burbank, California, company is preparing for the first film in a new "Star Wars" trilogy in 2015.

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Disney's next dividend is payable Jan. 8 to shareholders of record on Dec. 15.

Shares of Disney fell 36 cents to $93.11 Wednesday. The stock has risen 22 percent in 2014, and it reached an all-time high of $93.81 on Tuesday.