On tonight’s MAD MONEY on CNBC, Jim Cramer hosted World Wrestling Entertainment Inc. (NYSE: WWE) CEO Linda McMahon. This is one that Cramer touted before, and it doesn’t look like much has changed there.
Linda McMahon noted that the company has not over-penetrated markets as not all events are sold out, and also noted the media properties it has. She also noted that Pay-per-view was a growth mechanism. As far as dividend are concerned, Cramer noted the high yield and increased dividends. The common holders get a $0.36 dividend quarterly, while the McMahon family dividend stayed at $0.24.
We looked, and that yield is 8%. In fact, its at the top of the 52-week trading range of $13.35 to $18.60. Shares closed up almost 4% today at $18.16, and shares were at $18.50 on last look in after-hours trading.
Jon C. Ogg
March 11, 2008