TKO Group Holdings, the company behind UFC and WWE, is rewarding investors with a sharply higher dividend after striking lucrative rights agreements. The board approved a 100% increase, setting the next distribution at 76 cents per share, scheduled for September 30.
UFC and WWE Strike Billion-Dollar Partnerships
Last month, UFC reached a $7.7 billion, seven-year broadcast arrangement with David Ellison’s Paramount, the studio’s first marquee move since its merger with Skydance. Around the same time, WWE signed a separate five-year accord with ESPN valued at $1.6 billion to showcase its top-tier live events.
Stock Climbs on Dividend News
Following the announcement, TKO’s stock advanced about 1%, trading near $187. The payout will go to holders of Class A common stock as of September 15, with the total disbursement estimated at $150 million.
