TKO Doubles Quarterly Cash Dividend

WWE and UFC parent TKO Group Holdings is doubling its quarterly cash dividend for shareholders. The company's Class A common stockholders will receive a pro rata share of an aggregate distribution of approximately $150 million authorized by TKO's board, representing a 100% increase over the prior program. The dividend of 76 cents per share will be paid on Sept. 30 to Class A shareholders of record as of the close of business on Sept. 15. "On the heels of our UFC and WWE U.S. domestic media rights renewals and the strong earnings and cash flow profile they provide, alongside the continued . . .