WWE offers 15 percent Yield
World Wrestling Entertainment, Inc. (NYSE:WWE) announced its 24th consecutive dividend payment at $0.36 per share on its Class A shares of common stock.
The company's current dividend yield of 15.1% percent exceeds that of both broad market indices and other entertainment companies. Specifically, the S&P 500 and S&P Movies and Entertainment indices have dividend yields of 3.8 percent and 2.2 percent, respectively, while our entertainment peers have an average yield of 1.9 percent.*
"WWE is the best value in entertainment for our shareholders," said Linda McMahon, CEO of World Wrestling Entertainment.
WWE has announced that it will release its Q4 and full year 2008 earnings on Feb., 24, 2009.
* Dividend yields are as of Feb. 19, 2009. Selected entertainment peers include 4 Kids Entertainment Inc., Playboy Enterprises Inc., Lions Gate Entertainment Corp., International Speedway Corp., Marvel Entertainment Inc., Viacom Inc., THQ Inc., JAKKS Pacific Inc., Walt Disney Co. and Time Warner Inc. Investors should note that past returns are not a guarantee of future performance.