Barron's Article Makes Positive Comments on World Wrestling Entertainment (WWE)
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Barron's article makes positive comments on World Wrestling Entertainment (NYSE: WWE), saying the strong dividend payout gives the company an "income stock" attribute which may be overlooked by many investors.
Barron's says the 9% dividend and positive growth prospects give WWE a compelling reason to be owned or at least considered as a 'too good to be ignored' company.
The article also points out the company's Monday Night Raw on USA Network usually ranks near the top of the most-viewed cable broadcasts. Also, WWE's CFO said current cash flow is more than enough to sustain the current dividend (The McMahon family, which owns 66% of WWE stock, is only receiving a 24 cent dividend per quarter)
The Barron's article also cites several positive analyst comments (having a BUY rating on the stock and seeing limited downside risk) Also, the article points out strong management, with McMahon continuously strengthening his brand which equates to strong audience participation.
World Wrestling Entertainment, Inc. (WWE) is an integrated media and entertainment company.
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