UFC and WWE parent TKO Group has boosted its dividend by 100% after clinching a series of high-profile rights deals, with the next cash payout on Sept. 30 set at 76 cents per share.

In August, UFC inked a seven year, $7.7 billion U.S. media rights pact with David Ellison’s Paramount in that company’s first big move after merging with Skydance . Also last month, WWE signed a five-year deal worth $1.6 billion with ESPN to broadcast premium live events.

TKO shares popped and are trading up 1% at $187 on the dividend news. It will be paid to Class A common stockholders of record as of the close of business on September 15. The pro rata share is part of an aggregate distribution of about $150 million.

“On the heels of our UFC and WWE U.S. domestic media rights renewals and the st

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