TKO Group Holdings, Inc. (TKO) To Go Ex-Dividend on September 15th

TKO Group Holdings, Inc. (NYSE:TKO) declared a quarterly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.79 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th.

TKO Group has increased its dividend payment by an average of 0.4%annually over the last three years. TKO Group has a dividend payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TKO Group to earn $5.73 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 55.1%.

TKO Group Stock Up 0.5%

NYSE:TKO opened at $190.56 on Friday. TKO Group has a 52 week low of $176.00 and a 52 week high of $226.94. The stock’s fifty day moving average is $188.24 and its two-hundred day moving average is $194.55. The stock has a market capitalization of $36.07 billion, a price-to-earnings ratio of 66.86 and a beta of 0.62. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that TKO Group will post 5.18 EPS for the current year.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings’ Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.

UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.