Disney stock certificates off to Never Never Land - KALB-TV News Channel 5 & CBS 2

Disney stock certificates off to Never Never Land

Posted: Updated:
Walt Disney Productions issues its first stock on April 2, 1940.  Photo Source: thewaltdisneycompany.com Walt Disney Productions issues its first stock on April 2, 1940. Photo Source: thewaltdisneycompany.com

NEW YORK (AP) - Stock certificates issued by The Walt Disney Company are heading off to Never Never Land.

The stock, which features images of Dumbo, Bambi, Mickey Mouse, Cinderella and other Disney animated characters, have long been a collector's item and are pitched by numerous online vendors as a way to teach children about investing.

However, U.S. corporations have been switching to electronic stocks for years and on Oct. 16, Disney will follow suit.

Most do so for cost savings, but Disney also cited security.

"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.

Given their popularity, there may be a rush to buy with one week remaining to do so.

Disney shares are listed as the No. 1 seller on the website giveashare.com

Shares of the Burbank, Calif. company hit an all-time high in May and are already up close to 30 percent this year.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Vernon Parish Police Reports

    Vernon Parish Police Reports

    Tuesday, April 22 2014 11:38 AM EDT2014-04-22 15:38:16 GMT
    Sheriff Sam Craft of the Vernon Parish Sheriff’s Office announces recent arrests as follows:More >>
    Sheriff Sam Craft of the Vernon Parish Sheriff’s Office announces recent arrests as follows:More >>
  • River Oaks Art Exhibits

    River Oaks Art Exhibits

    Sunday, April 20 2014 11:05 PM EDT2014-04-21 03:05:23 GMT
    (KALB News Channel 5) - Last weekend we went and checked out some local photography, sculptures, and more. Afterwards, we noticed something going on downtown near the City Hall, so we went and checked that out, too!More >>
    (KALB News Channel 5) - Last weekend we went and checked out some local photography, sculptures, and more. Afterwards, we noticed something going on downtown near the City Hall, so we went and checked that out, too!More >>
  • Mummified remains ID'd, dead man's daughter arrested

    Mummified remains ID'd, dead man's daughter arrested

    Wednesday, April 23 2014 10:43 AM EDT2014-04-23 14:43:45 GMT
    LEXINGTON, Ky. (CBS News) - Almost four months after a man's mummified remains were found inside a Lexington storage unit, police have arrested the man's daughter for allegedly stealing his Social Security checks, reports CBS affiliate WKYT.More >>
    LEXINGTON, Ky. (CBS News) - Almost four months after a man's mummified remains were found inside a Lexington storage unit, police have arrested the man's daughter for allegedly stealing his Social Security checks, reports CBS affiliate WKYT.More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.