TKO Group Holdings, Inc. (NYSE:TKO) to Issue Quarterly Dividend of $0.79

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

TKO Group has raised its dividend payment 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. 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 Price Performance

NYSE:TKO opened at $190.56 on Friday. The firm has a market capitalization of $36.07 billion, a price-to-earnings ratio of 66.86 and a beta of 0.62. TKO Group has a 1 year low of $176.00 and a 1 year high of $226.94. The business has a 50 day simple moving average of $188.24 and a 200-day simple moving average of $194.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28.

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

About TKO Group

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.