TKO Group Has Authorized A Share Repurchase Program Of Up To $2B And Initiated A Quarterly Cash Dividend Program. Pursuant To This Program, Holders Of TKO's Class A Common Stock Will Receive Their Pro Rata Share Of $75.0 Million In Quarterly Distributions
Portfolio Pulse from Benzinga Newsdesk
TKO Group has announced a $2 billion share repurchase program and initiated a quarterly cash dividend program, distributing $75 million to Class A common stockholders.
October 24, 2024 | 10:58 am
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TKO Group has authorized a $2 billion share repurchase program and initiated a quarterly cash dividend program, distributing $75 million to Class A common stockholders.
The share repurchase program is likely to reduce the number of shares outstanding, potentially increasing the stock price. The dividend program provides direct returns to shareholders, making the stock more attractive to income-focused investors.
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