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

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Monday, June 15th will be given a dividend of 0.79 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend 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 payment by an average of 0.4%per year over the last three years. TKO Group has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

NYSE TKO opened at $203.80 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a market capitalization of $39.56 billion, a PE ratio of 76.04 and a beta of 0.59. The firm’s 50 day moving average is $192.70 and its 200-day moving average is $199.92.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (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 company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. Equities research analysts anticipate that TKO Group will post 4.96 earnings per share 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.