Endeavor Announces Q2 2024 Cash Dividend
31 Maggio 2024 - 2:00PM
Business Wire
Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the
“Company”), a global sports and entertainment company, today
announced that it has declared a quarterly cash dividend in an
aggregate amount of approximately $27 million. The dividend to
Endeavor’s Class A common stockholders, following the distribution
from Endeavor Operating Company to the Company, will be $0.06 per
share. The dividend will be paid on June 28, 2024 to Class A common
stockholders of record as of June 14, 2024.
Future declarations of quarterly dividends are subject to the
determination and discretion of Endeavor based on its consideration
of various factors, such as its results of operations, financial
condition, market conditions, earnings, cash flow requirements,
restrictions in our debt agreements and legal requirements and
other factors that Endeavor deems relevant, as well as requirements
under the merger agreement with Silver Lake to declare and pay a
dividend each calendar quarter prior to closing in respect of each
issued and outstanding share of the Company’s Class A common stock
at a price equal to $0.06 per share.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including the expected dividend payment date and timing thereof.
The words “believe,” “may,” “will,” “estimate,” “potential,”
“continue,” “anticipate,” “intend,” “expect,” “could,” “would,”
“project,” “plan,” “target,” and similar expressions are intended
to identify forward-looking statements, though not all
forward-looking statements use these words or expressions. These
forward-looking statements are based on management’s current
expectations. These statements are neither promises nor guarantees
and involve known and unknown risks, uncertainties and other
important factors that may cause actual results, performance or
achievements to be materially different from what is expressed or
implied by the forward-looking statements, including, but not
limited to those factors discussed in Part I, Item 1A “Risk
Factors” in Endeavor’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2023, as any such factors may be updated
from time to time in the Company’s other filings with the SEC,
including without limitation, the Company’s Quarterly Report on
Form 10-Q for the quarterly period ended March 31, 2024, accessible
on the SEC’s website at www.sec.gov and Endeavor’s Investor
Relations site at investor.endeavorco.com. Forward-looking
statements speak only as of the date they are made and, except as
may be required under applicable law, Endeavor undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
About Endeavor
Endeavor (NYSE: EDR) 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 Endeavor
network specializes in talent representation through entertainment
agency WME; sports operations and advisory, event management, media
production and distribution, and brand licensing through IMG; live
event experiences and hospitality through On Location; full-service
marketing through global cultural marketing agency 160over90; and
sports data and technology through OpenBet. Endeavor is also the
majority owner of TKO Group Holdings, Inc. (NYSE: TKO), a premium
sports and entertainment company comprising UFC and WWE.
Website Disclosure
Investors and others should note that Endeavor announces
material financial and operational information to its investors
using press releases, SEC filings and public conference calls and
webcasts, as well as its Investor Relations site at
investor.endeavorco.com. Endeavor may also use its website as a
distribution channel of material Company information. In addition,
you may automatically receive email alerts and other information
about Endeavor when you enroll your email address by visiting the
“Investor Email Alerts” option under the Resources tab on
investor.endeavorco.com.
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