Sports and entertainment company TKO Group Holdings, the firm behind the likes of UFC and WWE, said Wednesday that its board of directors has authorized a doubling of its quarterly cash dividend.

“TKO’s Class A common stockholders will now receive their pro rata share of an aggregate distribution of approximately $150 million …., representing a 100 percent increase over the prior program,” the company said.

As a result, holders of TKO’s Class A common stock will now receive a quarterly dividend of 76 cents per share, up from 38 cents previously. The dividend will be paid on Sept. 30 to Class A common stockholders of record as of the close of business on Sept. 15.

Sports and entertainment company TKO Group Holdings, the firm behind the likes of UFC and WWE, said Wednesday that its bo

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