Disney Stock Less Animated
Thursday, October 10, 2013
Say goodbye to Mickey Mouse and Donald Duck. Well, that’s if you’re an investor.
Walt Disney Co. will no longer issue printed copies of its stock certificate, which has become a collector's item for featuring depictions of some of its popular animated characters.
The board of the Burbank entertainment and media conglomerate voted on Oct. 4 to make the change effective Oct. 16. After that date stock will be issued in an electronic form.
The company disclosed the change in an Oct. 8 filing with the Securities and Exchange Commission.
“Like hundreds of other companies, Disney will no longer be issuing paper stock certificates in an effort to create a more secure and efficient system,” the company said, in a statement.
Disney stock featured a black-and-white photo of company founder Walt Disney surrounded by animated characters, including Winnie the Pooh, Mickey Mouse, Dumbo, Bambi and Pinocchio.
Shares closed up $1.99, or 3.13 percent, to $65.58 on the New York Stock Exchange.