I Hate to Say It, but Disney Shouldn't Reinstate Its Dividend

Disney (DIS -0.63%) did something important recently. It declared a dividend for the first time since the payment was eliminated during the early days of the coronavirus pandemic. There are a few big takeaways, but I can't help but think the company should have waited to start paying a dividend again. Here's why, despite being a dividend lover, I'm not particularly pleased with Disney's move.Disney's dividend elimination made senseWhen the pandemic hit in 2020, there was a great deal of uncertainty. Nonesse ...