- Share this article on Facebook
- Share this article on Twitter
- Share this article on Email
- Show additional share options
- Share this article on Print
- Share this article on Comment
- Share this article on Whatsapp
- Share this article on Linkedin
- Share this article on Reddit
- Share this article on Pinit
- Share this article on Tumblr
Tact has never been a World Wrestling Entertainment strong point, but this takes it. On the day of the worst Dow drop in history (777 points — call it the new 666), WWE has issued a press release titled “WWE: 9.4% Yield” to try and lure shell-shocked investors.
“The 9.4% dividend yield on WWE stock is 300% higher than the S&P average,” the release said. “Given its strong balance sheet and cash generative businesses, WWE feels confident it can fund the dividend for the long term. The WWE considers itself a safe harbor in the current volatile marketplace. The popularity of WWE brands continue to accelerate while consistently providing the best value in entertainment.”
Yes, I’m sure when Warren Buffet thinks about a financial “safe harbor,” he envisions spandex-clad Rey Mysterio and the Undertaker, smashing each other with chairs on MyNetworkTV.
Sign up for THR news straight to your inbox every day