Endeavor Group Holdings, Inc. Announces Quarterly Dividend of $0.06 (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) declared a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.06 per share on Monday, December 30th. This represents a $0.24 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, December 16th.

Endeavor Group has a payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Endeavor Group to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 15.5%.

Endeavor Group Stock Up 0.3 %

NYSE:EDR traded up $0.10 during mid-day trading on Thursday, hitting $30.39. The company had a trading volume of 4,378,440 shares, compared to its average volume of 3,408,125. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of -14.82 and a beta of 0.76. Endeavor Group has a 1 year low of $22.64 and a 1 year high of $30.60. The business has a fifty day simple moving average of $29.29 and a 200-day simple moving average of $27.96. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Sunday. They issued a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.86.

About Endeavor Group

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.