TKO Group Holdings, Inc. (TKO) to Issue Quarterly Dividend of $0.78 on March 31st

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Monday, March 16th will be given a dividend of 0.78 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 16th.

TKO Group has raised its dividend payment by an average of 0.4%annually over the last three years. TKO Group has a dividend payout ratio of 58.8% 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 $3.12 annual dividend with an expected future payout ratio of 99.0%.

TKO Group Stock Down 3.3%

Shares of TKO Group stock opened at $194.53 on Friday. The business’s fifty day moving average price is $206.59 and its two-hundred day moving average price is $199.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $37.76 billion, a P/E ratio of 86.46 and a beta of 0.66. TKO Group has a 1-year low of $133.07 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. As a group, research analysts forecast that TKO Group will post 3.88 EPS for the current year.

Insider Transactions at TKO Group

In other TKO Group news, insider Seth D. Krauss sold 14,016 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total value of $2,820,299.52. Following the sale, the insider directly owned 2,271 shares in the company, valued at approximately $456,970.62. The trade was a 86.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nick Khan sold 37,425 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the sale, the director directly owned 122,868 shares of the company’s stock, valued at $25,066,300.68. The trade was a 23.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 169,563 shares of company stock valued at $34,641,917 in the last three months. 61.30% of the stock is currently owned by insiders.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Somerset Trust Co boosted its holdings in TKO Group by 2.5% during the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after buying an additional 53 shares in the last quarter. CWM LLC grew its position in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after buying an additional 54 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of TKO Group by 2.1% in the fourth quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after buying an additional 54 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of TKO Group by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after buying an additional 56 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in shares of TKO Group by 2.7% during the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after acquiring an additional 56 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.