World Wrestling Entertainment (NYSE:WWE) has elected to maintain its dividend. The company declared a quarterly distribution of $0.12 per share of both its class A and B common stock, to be paid on Sept. 25 to shareholders of record as of Sept. 13. That amount matches each of the company's previous distributions stretching back to June 2011. Before that, it paid out considerably more at $0.36 per share.
The just-declared dividend annualizes to $0.48 per share. That yields 4.3% at WWE's most recent closing stock price of $11.16.
The company is scheduled to release its Q2 results at 11 a.m. Eastern time on Aug. 1.
Fool contributor Eric Volkman owns shares of World Wrestling Entertainment. The Motley Fool does not. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Is WWE About to Repeat One of its Biggest Mistakes?
The XFL football league was a failure when it launched in 2001. Yet WWE Chairman and CEO Vince McMahon might be in the middle of reviving it anyway.
2 Opportunities WWE Pessimists Needs to Know About
The company has put a solid plan in place for its long-term future.
What Will Happen to WWE’s Streaming Network Business?
The success of the service may very well determine the future of the company.