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WWE News: Quarterly Dividend, Derby City Wrestling, Idol Stevens and More

August 15, 2007 | Posted by Larry Csonka

-WWE will be issuing its quarterly $0.24 cents per share dividend on September 14th, to be paid out September 26th. As the largest shareholder, Vince McMahon will take home approximately $11.7 million dollars.

-WWE is no longer going to be putting nameplates on the championship belts. This is a reported cost cutting measure. Even the World Title, often referred to as “The Big Gold Belt” that has had the name plate forever will be dropping it.

-The BBC has sent a film crew to OVW and DCW this week. They are there to look at the Derby City developmental, and the WWE developmental concept as a whole due to there being a good number of wrestlers from the UK in the system.

-Derby City Wrestling is the beginners class, made up of people who have paid to be in OVW and not under a WWE developmental deal. They work with the hopes of earning the developmental deal and moving up. In essence, Derby City Wrestling is the “developmental to developmental.”

-Derby City announcer Timmy Baltimore was invited to the Smackdown tapings last night and offered a try out as a backstage interviewer.

-Aaron “Idol” Stevens, who was released last week by the WWE, went to Derby City Wrestling head trainer Rip Rogers and asked to join the class and work DCW TV. Stevens is hoping to repair what was wrong and earn his way back to WWE.

Credit: F4Wonline.com

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