Kemo
04-22-2016, 07:55 PM
Yesterday, WWE issued the following press release:
STAMFORD, Conn.–(BUSINESS WIRE)– WWE (NYSE:WWE) announced that its Board of Directors today declared the Company’s regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be June 15, 2016 and the payment date will be June 27, 2016.
Historically, the dividend has been a major reason why investors found WWE stock attractive. It’s not sustainable for the company in the long term relative to WWE’s cash reserves and usual profitability, but in the short term, it’s good for investors.
The previous day, the company announced in another press release (https://finance.yahoo.com/news/wwe-report-first-quarter-2016-200500775.html) that the company’s quarterly report for the first quarter of 2015 will be released on Tuesday, May 10th before the market opens for the day. The traditional conference call for investors (technically, while anyone can call to listen in, WWE only puts through investment firms) with Chairman and CEO Vince McMahon as well as Chief Strategy & Financial Officer, George Barrio will be held at 11:00 a.m. ET that day. The call is also streamed online. In a sense, it’s something of an uneventful report relative to the other quarters because WWE has released what the WWE Network numbers were just a few days after the end of the quarter as part of the WrestleMania business stats they put out. Usually, the WWE Network number is the biggest news in the quarterly report.
STAMFORD, Conn.–(BUSINESS WIRE)– WWE (NYSE:WWE) announced that its Board of Directors today declared the Company’s regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be June 15, 2016 and the payment date will be June 27, 2016.
Historically, the dividend has been a major reason why investors found WWE stock attractive. It’s not sustainable for the company in the long term relative to WWE’s cash reserves and usual profitability, but in the short term, it’s good for investors.
The previous day, the company announced in another press release (https://finance.yahoo.com/news/wwe-report-first-quarter-2016-200500775.html) that the company’s quarterly report for the first quarter of 2015 will be released on Tuesday, May 10th before the market opens for the day. The traditional conference call for investors (technically, while anyone can call to listen in, WWE only puts through investment firms) with Chairman and CEO Vince McMahon as well as Chief Strategy & Financial Officer, George Barrio will be held at 11:00 a.m. ET that day. The call is also streamed online. In a sense, it’s something of an uneventful report relative to the other quarters because WWE has released what the WWE Network numbers were just a few days after the end of the quarter as part of the WrestleMania business stats they put out. Usually, the WWE Network number is the biggest news in the quarterly report.