TKO Group Holdings, Inc. (NYSE:TKO) Announces Dividend Increase – $0.79 Per Share

TKO Group Holdings, Inc. (NYSE:TKO) declared a quarterly dividend on Thursday, June 4th. Shareholders of record on Monday, June 15th will be given a dividend of 0.79 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, June 15th. This is a 1.3% increase from TKO Group’s previous quarterly dividend of $0.78.

TKO Group has increased its dividend by an average of 0.4%per year over the last three years. TKO Group has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TKO Group to earn $5.56 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 56.1%.

TKO Group Stock Performance

NYSE TKO opened at $202.69 on Friday. The stock has a market capitalization of $39.35 billion, a PE ratio of 75.63 and a beta of 0.59. The business has a 50 day simple moving average of $192.50 and a two-hundred day simple moving average of $199.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group has a 1-year low of $152.29 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. On average, research analysts predict that TKO Group will post 4.96 EPS for the current fiscal year.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.