19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
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PHILADELHIA - World Wrestling Entertainment Inc. is fighting to attract investors seeking a place to park their money in a wobbly market.
| WWE | 9.59 |  0.28 |
The sports entertainment company behind such shows as "Friday Night SmackDown" touted its 9.4 percent dividend yield on Tuesday to investors searching for a stable return as stock prices fall.
The Stamford, Conn.-based company's dividend yield is quadruple the 2.14 percent average dividend yield paid by companies in the Standard & Poor's 500 Index in the first quarter.
As embattled companies slash dividends, WWE said it's confident it can fund its $1.44 per share annual dividend for the "long term" given a "strong" balance sheet and businesses that generate cash.
WWE reported revenue of $129.7 million in the second quarter, down 5.7 percent from a year ago. Net income was about flat year-over-year, at $7 million, or 10 cents per share.
The stock added 15 cents to trade at $15.33 Tuesday morning.
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