WWE's Dividend About to Get Slammed?

World Wrestling Entertainment, Inc. (WWE) announced plans to expand beyond wrestling and rebrand itself simply as "WWE" this week. I guess that's pretty interesting, but not nearly as interesting as a small change at the bottom of the company's press release that caught my eye.It's fairly well known that, while WWE's stock carries an unwieldy dividend yield of more than 11%, the stress on the company's cash flow is substantially mitigated by founder Vince McMahon and his family taking a smaller dividend on their shares. When the company raised its quarterly dividend by 50% back in 2008, the McMahons waived the increase on their Class B shares. This was a big deal, essentially evening the total amount distributed to Class A and Class B shares each quarter despite Class B shares accounting for more than 60% of the common shares outstanding.The gesture has been great for Class A... Read more

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