Posted on Sep 1, 2004                         <<BACK TO NEWSBOARD By Anthony DeBlasi                                              <<BACK TO 3e6r.net

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WWE Cuts Vince McMahon $4.1 Million Check (The Rest Of Us Receive ..06 Per Share Dividend)   PRESS RELEASE: World Wrestling Entertainment, Inc., Declares Quarterly Dividend Wednesday September 1, 2004  STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 1, 2004--World Wrestling Entertainment, Inc. (NYSE:WWE - News) announced that its board of directors declared a regular quarterly dividend of $0.06 on all Class A and Class B common shares. The record date for the dividend is September 30, 2004. The payment date will be October 12, 2004. When you calculate Vince McMahon's majority ownership of the stock, WWE cuts him a check for over $4.1 Million. Vince has every right to cut himself a check since it's his company. I think the reason why people get upset at these dividend announcements, is since Vince owns literally 9 of every 10 shares of stock offered.