Dave Meltzer of F4WOnline.com recently discussed how WWE’s quarterly dividend to stockholders could have paid the salaries of all the people that were released/furloughed from the company last week:
“Interesting stat: If WWE cut its dividend to owners, going largely to the chairman, in half, the savings would pay every single cut wrestler & agents money for 2 years and 2 months. If they cut dividend completely, 4 years and 4 months.”
“They’ve got plenty of money to cover them during the crisis, $500 million to be exact from their own mouths, and they don’t need to dip into that. Brandon Thurston [financial analyst for wrestlenomics.com] estimated $127 million in profits this year based on not seeing another penny from house shows in 2020.”
In a recent press release from WWE, it was revealed that WWE’s stock dividend paid to all shareholders of both Class A and Class B stock is $.12 per share. With there being roughly 78 million shares of WWE stock, it’s estimated that around $9.4 million dollars is being paid out to shareholders with Vince McMahon getting an estimated $3.5 million.
