For the first time since 2020, Disney is planning to resume paying a dividend to shareholders as the media giant continues its turnaround amid historic industry shifts .
"To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year."
Activist investor Nelson Peltz's Trian Fund Management, with $2.5 billion of Disney shares , has voiced his concerns about the elimination of dividends.
Trian hasn't made a public statement since it ended its last activist campaign against Disney in January.
Morgan Stanley said it looks forward to such a move, noting that Disney also suggested a return to share repurchases.
Persons:
Kevin Lansberry, Nelson Peltz's, Trian hasn't, Lansberry, Bernstein, Morgan Stanley, Disney, Philip Cusick, — CNBC's Michael Bloom
Organizations:
Disney, Fund Management, Wall Street, ESPN