WWE Declares ” Best Value in Entertainment”
The following press release was issued from WWE.com:
WWE Outperforms
February 13, 2009
STAMFORD, CT, February 13, 2009-World Wrestling Entertainment® (NYSE: WWE) stock outperformed both the broad market indices and other entertainment companies in terms of total return* for the calendar year 2008. Specifically, WWE stock surpassed the S&P 500, Russell 2000, and the S&P Movies and Entertainment index by 31%, 25%, and 42% respectively. A significant component of WWE’s relative performance is its $1.44 per share dividend to the Company’s public shareholders. At the Company’s current price, this results in a dividend yield of 15.5%.
“We believe WWE is the best value in entertainment for our networks, promotional partners, consumers and shareholders,” said Linda McMahon, CEO of World Wrestling Entertainment.
WWE has announced that it will release its Q4 and full year 2008 earnings on February, 24, 2009.
* Total Stock Return is defined as the change in stock price and value of reinvested dividends over a given period, i.e. 2008 in the above example. Investors should note that past returns are not a guarantee of future performance.
Additional information on World Wrestling Entertainment, Inc. (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.
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