Walt, I wouldn’t mind having the dividend back, but I’m of two minds: I wonder if maybe we should reduce debt first, then look at a dividend again.
I agree, though, DIS does sort of need a dividend because it is the kind of stock that tends to trade in a narrow range at times (sometimes for a long while; remember when it was base-forming for might have been a few years post 9-11 and even post the Pixar purchase?) A lot of companies obviously do that, but when they have stocks like that, they oftentimes have dividends to make it worthwhile.
But I will say this: go quarterly. If semiannual or annual, I think I’d rather pass on a dividend. I have other stocks that pay dividends (including the monthly O) so maybe I would prefer this one to go for a multiple of growth via growing the D+ bundle. Annual or semiannual just don’t cut it for me these days, and a better investment for all concerned might be the debt.