Is Disney a Great Dividend Stock?

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Can a company that doesn’t currently pay a dividend be a great dividend stock? In the case of Disney (NYSE: DIS), it might be possible. 

Disney had a decades-long history of paying dividends until 2020, when the COVID-19 pandemic threw the business into flux. Theme parks were closed, blockbuster films were delayed, and no one knew when there would be an end to the disruption, so management suspended the dividend. But Disney may be an even stronger dividend stock today than it was a year ago, because its cash flow will be more durable in the future, and this could be a growth stock once again. 

Image source: Disney.

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