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

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) declared a quarterly dividend on Thursday, June 4th. Investors 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 of this dividend is Monday, June 15th. This is a 1.3% increase from TKO Group’s previous quarterly dividend of $0.78.

TKO Group has raised 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. 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

TKO Group stock traded up $4.12 during mid-day trading on Thursday, reaching $202.69. The company had a trading volume of 1,094,893 shares, compared to its average volume of 1,228,448. The company has a 50 day moving average of $192.32 and a 200-day moving average of $199.76. TKO Group has a 52 week low of $152.29 and a 52 week high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm has a market cap of $39.35 billion, a price-to-earnings ratio of 75.63 and a beta of 0.59.

TKO Group (NYSE:TKOGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, sell-side analysts expect that TKO Group will post 4.96 EPS for the current fiscal year.

TKO Group Company Profile

(Get Free Report)

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.

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Dividend History for TKO Group (NYSE:TKO)

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