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411mania » Wrestling » News

Press Release: WWE Declares Quarterly Dividend
Posted by Larry Csonka on 05.09.2008

The investors win while the McMahons wave their increase.

WWE sent out the following press release today:

STAMFORD, Conn., May 09, 2008 -- World Wrestling Entertainment, Inc. (NYSE:WWE) today declared the Company's regular quarterly dividend of $0.36 per share on its Class A shares of common stock. As previously announced, members of the McMahon family have waived $0.12 per share of the dividends. As a result, all Class A and Class B shares owned by the McMahon family will instead receive dividends in the amount of $0.24 per share. The record date for the dividend will be June 13, 2008, and the payment date will be June 25, 2008.

Additional information on World Wrestling Entertainment, Inc. (NYSE:WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

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Comments (5)

WWE's profits will always be better than TNA and ROH.

Posted By: Rynobgood (Guest) on May 09, 2008 at 05:10 PM

well, given that the WWE is a pubically traded corporation, then i would hope that its profits would be better.

the investors would demand nothing less.

Posted By: Darth Mortis (Registered) on May 09, 2008 at 05:20 PM

Darth Mortis' statement is logical. WWE's a publicly traded company, OF COURSE its profits we'll be better. And what do those two promotions have to do with this anyway?

Posted By: JJ (Guest) on May 09, 2008 at 05:25 PM

That's kinda a cool move on the part of the McMahon's. It doesn't mean they're not going to still make a killing but it's still a cool move.

Posted By: Andrew (Guest) on May 09, 2008 at 06:12 PM

"That's kinda a cool move on the part of the McMahon's. It doesn't mean they're
not going to still make a killing but it's still a cool move."

As far as I understand it it's not like it hurts them at all - the amount they decline to take in dividends should go right back to cash for them to invest or just to carry on the books. I mean, in reality, yes it helps the company and it's a nice gesture, but it also benefits them one hell of a lot.

Of course, I'll just take my dividend and be happy. :)

Posted By: ICTimer (Guest) on May 09, 2008 at 08:58 PM