---
title: "FirstRand says Disney dividend boosts NAV for WDETNC, WDETNQ ETNs via synthetic reinvestment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293592579.md"
description: "FirstRand reported that Walt Disney's USD 0.75 per share dividend, paid on July 22, 2026, for WDETNC and WDETNQ ETNs was synthetically reinvested at USD 95.87 per share after a 15% tax. This resulted in a reinvestment amount of USD 0.6375 per share, increasing the fractional Disney share reference per ETN without cash distribution. Updated Net Asset Values (NAVs) for the ETNs reflect this reinvestment."
datetime: "2026-07-23T09:50:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293592579.md)
  - [en](https://longbridge.com/en/news/293592579.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293592579.md)
generator: "portal-rs"
---

# FirstRand says Disney dividend boosts NAV for WDETNC, WDETNQ ETNs via synthetic reinvestment

-   FirstRand reported Walt Disney paid a USD 0.75 per share dividend on July 22, 2026 for WDETNC and WDETNQ ETNs. \* Dividend synthetically reinvested at USD 95.87 per share, net of a 15% tax rate; no cash distribution to ETN holders. \* Reinvestment amount set at USD 0.6375 per share, lifting the fractional Disney share reference per ETN. \* Published NAVs for the ETNs updated to reflect the dividend reinvestment. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FirstRand Bank Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524513), on July 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**