TKO Group Holdings, Inc. (TKO) To Go Ex-Dividend on June 15th

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Monday, June 15th will be paid 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 increased 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% meaning 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 $3.16 annual dividend with an expected future payout ratio of 56.8%.

TKO Group Stock Performance

Shares of TKO opened at $203.42 on Friday. TKO Group has a 1 year low of $152.29 and a 1 year high of $226.94. The stock has a market capitalization of $39.49 billion, a PE ratio of 75.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50-day simple moving average of $193.73 and a 200-day simple moving average of $200.73.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping 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 firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, analysts predict that TKO Group will post 4.96 earnings per share for the current fiscal year.

About TKO Group

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.