TKO Group Holdings, Inc. (NYSE:TKO) Announces $0.79 Quarterly Dividend

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Thursday, September 3rd. Stockholders 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 by an average of 0.4%per year over the last three years. TKO Group has a payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.2%

TKO Group stock traded down $0.43 during midday trading on Thursday, reaching $189.36. The stock had a trading volume of 749,524 shares, compared to its average volume of 1,247,679. The firm’s fifty day simple moving average is $190.12 and its two-hundred day simple moving average is $195.41. TKO Group has a twelve month low of $176.00 and a twelve month high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $35.84 billion, a price-to-earnings ratio of 66.44 and a beta of 0.62.

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