World Wrestling Entertainment, Inc. (NYSE:WWE) declared a quarterly dividend on Friday, October 19th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.12 per share on Wednesday, December 26th. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, December 13th.

World Wrestling Entertainment has a dividend payout ratio of 55.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect World Wrestling Entertainment to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 36.6%.

Shares of WWE opened at $82.03 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.10. World Wrestling Entertainment has a 1 year low of $21.22 and a 1 year high of $97.69. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 103.09 and a beta of 0.97.

World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, July 26th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). World Wrestling Entertainment had a return on equity of 24.64% and a net margin of 5.93%. The company had revenue of $281.60 million for the quarter, compared to the consensus estimate of $240.30 million. During the same quarter last year, the business posted $0.06 EPS. World Wrestling Entertainment’s quarterly revenue was up 31.2% on a year-over-year basis. As a group, equities analysts predict that World Wrestling Entertainment will post 0.87 earnings per share for the current year.

In other news, insider Michael J. Luisi sold 12,461 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $79.01, for a total transaction of $984,543.61. Following the sale, the insider now owns 69,046 shares of the company’s stock, valued at $5,455,324.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider George A. Barrios sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $96.22, for a total value of $4,811,000.00. Following the sale, the insider now directly owns 173,661 shares in the company, valued at approximately $16,709,661.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 353,996 shares of company stock worth $29,322,438. 45.10% of the stock is currently owned by insiders.

WWE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on World Wrestling Entertainment from $77.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, July 27th. MKM Partners raised their target price on World Wrestling Entertainment to $95.00 and gave the stock a “buy” rating in a report on Friday, June 29th. Guggenheim raised their target price on World Wrestling Entertainment to $82.00 and gave the stock an “average” rating in a report on Wednesday, June 27th. Morgan Stanley raised their target price on World Wrestling Entertainment from $58.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, July 13th. Finally, Needham & Company LLC raised their price target on World Wrestling Entertainment to $80.00 and gave the stock a “buy” rating in a research report on Thursday, June 28th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. World Wrestling Entertainment currently has a consensus rating of “Buy” and a consensus price target of $87.00.

About World Wrestling Entertainment

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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Dividend History for World Wrestling Entertainment (NYSE:WWE)

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