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Madison Square Garden Sports Corp. operates as a professional sports company. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming, a North American esports organization. In addition, the company operates two professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh and the CLG Performance Center in Los Angeles. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.

Madison Square Garden Sports Dividend Announcement

• Madison Square Garden Sports announced a annually dividend of $7.00 per ordinary share which will be made payable on 2022-10-31. Ex dividend date: 2022-10-14
• Madison Square Garden Sports's trailing twelve-month (TTM) dividend yield is -%
• Madison Square Garden Sports's payout ratio for the trailing twelve months (TTM) is 0.86%

Madison Square Garden Sports Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-10-14$7.00annually2022-10-31

Madison Square Garden Sports Dividend per year

Madison Square Garden Sports Dividend Yield

Madison Square Garden Sports current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Madison Square Garden Sports stock? Use our calculator to estimate your expected dividend yield:

Madison Square Garden Sports Financial Ratios

P/E ratio74.06
PEG ratio4.76
P/B ratio-18.69
ROE-23.81%
Payout ratio0.86%
Current ratio0.41
Quick ratio0.26
Cash Ratio0.10

Madison Square Garden Sports Dividend FAQ

Does Madison Square Garden Sports stock pay dividends?
Madison Square Garden Sports does not currently pay dividends to its shareholders.
Has Madison Square Garden Sports ever paid a dividend?
No, Madison Square Garden Sports has no a history of paying dividends to its shareholders. Madison Square Garden Sports is not known for its dividend payments.
Why doesn't Madison Square Garden Sports pay dividends?
There are several potential reasons why Madison Square Garden Sports would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Madison Square Garden Sports ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Madison Square Garden Sports has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Madison Square Garden Sports a dividend aristocrat?
Madison Square Garden Sports is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Madison Square Garden Sports a dividend king?
Madison Square Garden Sports is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Madison Square Garden Sports a dividend stock?
No, Madison Square Garden Sports is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Madison Square Garden Sports stocks?
To buy Madison Square Garden Sports you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Madison Square Garden Sports stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.