WWE issued the following press release today stating that Vince McMahon is the top stockholder in WWE, it amounts to a 50% raise on his dividend checks. Since he owns 47.1 million shares of stock, that means his quarterly dividend check will rise from $1.9 million to $2.8 million.
World Wrestling Entertainment, Inc., Board of Directors Authorizes Dividend Increase
Tuesday April 27, 5:16 pm ET
STAMFORD, Conn.--(BUSINESS WIRE)--April 27, 2004--World Wrestling Entertainment, Inc. (NYSE:WWE - News) announced today that the Company's board of directors declared a quarterly dividend of $0.06 on all Class A and Class B common shares. The record date for the dividend is June 28, 2004. The payment date will be July 8, 2004. Previously, the Company's quarterly dividend was $0.04 on all Class A and Class B common shares.
Commenting on this announcement, Philip Livingston, Chief Financial Officer said, "We are very pleased with our fiscal 2004 results to date. We're optimistic about the trends in the business, especially the results for WrestleMania
