TKO Group Holdings, Inc. (TKO) to Distribute Quarterly Dividend of $0.79 on September 30th

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Tuesday, September 1st. Shareholders 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 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 dividend payout ratio of 59.5% meaning 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 Price Performance

Shares of NYSE:TKO opened at $190.56 on Friday. The firm has a market cap 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 company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $188.24 and a 200 day simple moving average of $194.55.

TKO Group (NYSE:TKO) last announced its quarterly 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%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. As a group, sell-side analysts predict that TKO Group will post 5.18 earnings per share for the current fiscal year.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 6,546 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $199.41, for a total transaction of $1,305,337.86. Following the transaction, the director directly owned 39,340 shares in the company, valued at $7,844,789.40. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew Schleimer sold 9,942 shares of TKO Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the transaction, the chief financial officer directly owned 38,051 shares in the company, valued at $7,396,733.89. The trade was a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 110,815 shares of company stock valued at $21,206,289 in the last ninety days. 64.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several large investors have recently modified their holdings of TKO. California State Teachers Retirement System boosted its position in TKO Group by 19,629.9% during the 2nd quarter. California State Teachers Retirement System now owns 15,446,315 shares of the company’s stock worth $3,109,498,000 after acquiring an additional 15,368,026 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of TKO Group by 108,668.4% in the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after purchasing an additional 1,267,073 shares in the last quarter. State Street Corp lifted its position in shares of TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Norges Bank acquired a new position in TKO Group during the fourth quarter worth $150,602,000. Finally, Alliancebernstein L.P. grew its position in TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after purchasing an additional 419,021 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

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.