Following the announcement of two big media deals, TKO Group Holdings announced that the company’s quarterly dividend to its investors is being doubled from 38 cents per share to 76 cents per share.
The increase in dividend is thanks to the $1.6 billion five-year deal that WWE signed with ESPN for its 10 premium live events per year and the $7.7 billion deal for the UFC deal with Paramount Skydance for it’s numbered events and UFC Fight Night shows.
The increased dividend is payable on September 30.
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