WWE (NYSE: WWE) announced that its Board of Directors today
declared the Company’s regular quarterly dividend of $0.12 per
share for all Class A and B shares of common stock. The record date
for the dividend will be March 15, 2023 and the payment date will
be March 27, 2023.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated
media organization and recognized leader in global entertainment.
The Company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family-friendly entertainment on its television
programming, premium live events, digital media, and publishing
platforms. WWE’s TV-PG programming can be seen in more than 1
billion homes worldwide in 30 languages through world-class
distribution partners including NBCUniversal, FOX Sports, BT Sport,
Sony India, and Rogers. The award-winning WWE Network includes all
premium live events, scheduled programming and a massive
video-on-demand library and is currently available in more than 180
countries. In the United States, NBCUniversal’s streaming service,
Peacock, is the exclusive home to WWE Network.
Additional information on WWE can be found at wwe.com and
corporate.wwe.com.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos and copyrights are the exclusive property of WWE
and its subsidiaries. All other trademarks, logos and copyrights
are the property of their respective owners.
Forward-Looking Statements:
This press release contains, and oral statements made from time
to time by our representatives may contain, forward-looking
statements pursuant to the safe harbor provisions of the Securities
Litigation Reform Act of 1995. Forward looking statements include
statements regarding our outlook regarding future financial
results, the impact of recent management changes as well as recent
changes on our board of directors (the “Board”), the timing and
outcome of the Company’s media rights negotiations and the
Company’s review of strategic alternatives, our plans to remediate
identified material weaknesses in our disclosure control and
procedures and our internal control over financial reporting, and
regulatory, investigative or enforcement inquiries, subpoenas or
demands arising from, related to, or in connection with these
matters. In addition, the words “may,” “will,” “could,”
“anticipate,” “plan,” “continue,” “project,” “intend,” “estimate,”
“believe,” “expect,” “outlook,” “target,” “goal,” “guidance” and
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such words. These statements relate to future possible events, as
well as our plans, objectives, expectations and intentions and are
not historical facts and accordingly involve known and unknown
risks and uncertainties and other factors that may cause the actual
results or the performance by us to be materially different from
expected future results or performance expressed or implied by any
forward-looking statements.
These forward-looking statements are subject to uncertainties
relating to, without limitation, the impact of the actions
described herein; the ability of Mr. McMahon, through his
beneficial ownership of a substantial majority of our Class B
common stock, to exercise ultimate control over our affairs; the
complexity of the Company’s rights agreements across distribution
mechanisms and geographical areas; the recent changes relating to
the composition of the Board; the assumption by Nick Khan of the
role of sole CEO of the Company; perception by the Company’s
management, stockholders, customers, talent and partners of the
actions described herein; reputational harm to the Company’s
relationships with its stockholders, customers, talent and
partners, which may have adverse financial and operational impacts;
and future financial and operational results, including our outlook
for future financial results, among other factors.
Such forward-looking statements are based on available current
information and our current expectations, including beliefs and
forecasts concerning future developments and the potential effects
of such developments on us. The following additional factors, among
others, could cause actual results to differ materially from those
contained in forward-looking statements: COVID-19, which may
continue to affect negatively world economies as well as our
industry, business and results of operations; our ability to enter,
maintain and renew major distribution and licensing agreements (on
attractive terms or otherwise); the Company’s review of strategic
alternatives and the outcome(s) thereof; a rapidly evolving and
highly competitive media landscape; WWE Network; computer systems,
content delivery and online operations of our Company and our
business partners; privacy norms and regulations; our need to
continue to develop creative and entertaining programs and events;
our need to retain and continue to recruit key performers; the
possibility of a decline in the popularity of our brand of sports
entertainment; possible adverse changes in the regulatory
atmosphere and related private sector initiatives; the highly
competitive, rapidly changing and increasingly fragmented nature of
the markets in which we operate and/or our inability to compete
effectively, especially against competitors with greater financial
resources or marketplace presence; uncertainties associated with
international markets including possible disruptions and
reputational risks; our difficulty or inability to promote and
conduct our live events and/or other businesses if we do not comply
with applicable regulations; our dependence on our intellectual
property rights, our need to protect those rights, and the risks of
our infringement of others’ intellectual property rights; potential
substantial liability in the event of accidents or injuries
occurring during our physically demanding events; large public
events as well as travel to and from such events; our expansion
into new or complementary businesses, strategic investments and/or
acquisitions; our accounts receivable; the construction and move to
our new leased corporate and media production headquarters;
litigation and other actions, investigations or proceedings; a
change in the tax laws of key jurisdictions; our feature film
business; inflationary pressures and interest rate changes; our
indebtedness including our convertible notes; our potential failure
to meet market expectations for our financial performance;
conflicts of interests between holders of our Class A common stock
and Mr. McMahon, our controlling stockholder with beneficial
ownership of a substantial majority of our Class B common stock;
our share repurchase program; a substantial number of shares are
eligible for sale by the McMahons and the sale, or the perception
of possible sales, of those shares could cause our stock price to
decline; and the volatility in trading prices of our Class A common
stock. In addition, our dividend and share repurchases are
dependent on a number of factors, including, among other things,
our liquidity and historical and projected cash flow, strategic
plan (including alternative uses of capital), our financial results
and condition, contractual and legal restrictions on the payment of
dividends (including under our revolving credit facility), general
economic and competitive conditions and such other factors as our
Board may consider relevant.
Forward-looking statements made by the Company speak only as of
the date made and are subject to change without any obligation on
the part of the Company to update or revise them. Undue reliance
should not be placed on these statements. For more information
about risks and uncertainties associated with the Company’s
business, please refer to any documents filed, or to be filed, by
the Company with the SEC, including, but not limited to, the
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and “Risk Factors” sections of our annual
reports on Form 10-K and 10-K/A and quarterly reports on Form
10-Q/A and Form 10-Q.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230126005671/en/
Investors: Seth Zaslow 203-352-1026
seth.zaslow@wwecorp.com Media: Chris
Legentil 203-352-8793 chris.legentil@wwecorp.com
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