On August 31, 2023, Endeavor Group Holdings (EDR), the renowned global sports and entertainment powerhouse responsible for the Ultimate Fighting Championship (UFC), is set to initiate a substantial quarterly dividend payout of $0.06 per share for the year 2023. With an impressive 1.1% dividend yield, calculated based on the current stock price of $21.89, this move marks a significant financial milestone for the company.
Endeavor Group Holdings, Inc. has officially announced its declaration of a quarterly cash dividend totaling approximately $27 million. Shareholders of Endeavor's Class A common stock are poised to benefit from this dividend distribution, receiving $0.06 per share. The dividend payment is scheduled for September 29, 2023, and it will be extended to Class A common stockholders who are on record as of September 15, 2023. The first ex-dividend date for EDR will be September 14, 2023.
Another US listed company initiating a dividend in 2023 is Delta Air Lines.
Endeavor is a global sports and entertainment company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.