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

Endeavor Group Holdings, Inc. (NYSE:EDR) announced a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, December 16th.

Endeavor Group has a dividend payout ratio of 10.0% meaning 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 Price Performance

Endeavor Group stock traded up $0.10 during midday trading on Thursday, reaching $30.39. 4,378,440 shares of the stock traded hands, compared to its average volume of 3,408,125. The stock’s fifty day moving average is $29.29 and its 200-day moving average is $27.96. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.79 billion, a P/E ratio of -14.82 and a beta of 0.76. Endeavor Group has a 12 month low of $22.64 and a 12 month high of $30.60.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Sunday. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.86.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Company Profile

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.