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/.
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
