TKO Group Holdings, Inc. (NYSE:TKO) Announces Quarterly Dividend of $0.78

TKO Group Holdings, Inc. (NYSE:TKO) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.78 per share on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. This is a 2.6% increase from TKO Group’s previous quarterly dividend of $0.76.

TKO Group has decreased its dividend payment by an average of 1.0%annually over the last three years. TKO Group has a dividend payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TKO Group to earn $3.15 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 96.5%.

TKO Group Price Performance

TKO traded up $6.07 on Thursday, reaching $200.97. The stock had a trading volume of 635,269 shares, compared to its average volume of 1,261,976. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 77.00 and a beta of 0.65. TKO Group has a fifty-two week low of $133.07 and a fifty-two week high of $212.49. The firm has a 50-day moving average of $189.19 and a 200-day moving average of $181.00.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. TKO Group’s revenue was down 27.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts anticipate that TKO Group will post 3.88 EPS for the current year.

TKO Group declared that its Board of Directors has initiated a share buyback program on Monday, September 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.