secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2022-10-06T23:59:59+00:00
Accession:  0001193125-22-258954
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSG Sports declares $7.00 special dividend and authorizes $75M ASR
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- Special cash dividend of $7.00 per share (~$175M total) payable Oct 31, 2022; record date Oct 17, 2022.
- Board authorized a $75M accelerated share repurchase (ASR) program; expects to execute after Q1 FY2023 results.
- Combined shareholder return of ~$250M; funded via existing Rangers/Knicks credit facilities and cash on hand.
- Exec Chairman James L. Dolan cites strong FY2022 performance and commitment to delivering shareholder value.
- ASR will utilize ~$75M of the remaining ~$260M share repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312522258954/0001193125-22-258954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312522258954/d402904d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-258954

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