TKO Group Holdings, Inc. Plans Quarterly Dividend of $0.79 (NYSE:TKO)

Key Points

• TKO Group declared a quarterly dividend of $0.79 per share, payable September 30 to shareholders of record on September 15. The dividend implies an annualized payout of $3.16 and a 1.7% yield.
• The dividend appears adequately covered, with a current payout ratio of 59.5% and an expected future payout ratio of 55.1%, based on projected earnings of $5.73 per share next year.
• TKO shares fell 0.2% to $189.36, while the company’s latest quarterly EPS of $1.34 missed estimates of $1.41 despite revenue rising 18.2% year over year to $1.55 billion.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) declared a quarterly dividend on Thursday, September 3rd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.79 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

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 59.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.2%

Shares of TKO traded down $0.43 during trading on Thursday, reaching $189.36. 749,524 shares of the company traded hands, compared to its average volume of 1,247,679. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. TKO Group has a twelve month low of $176.00 and a twelve month high of $226.94. The stock has a market cap of $35.84 billion, a PE ratio of 66.44 and a beta of 0.62. The stock has a 50-day simple moving average of $190.12 and a 200-day simple moving average of $195.41.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $1.17 earnings per share. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts anticipate that TKO Group will post 5.18 earnings per share for the current 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.

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