Warner Music Group Corp. (WMG) to Issue Quarterly Dividend of $0.20 on September 1st

Warner Music Group Corp. (NASDAQ:WMG) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.20 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, August 20th. This is a 5.3% increase from Warner Music Group’s previous quarterly dividend of $0.19.

Warner Music Group has increased its dividend by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 4 years. Warner Music Group has a payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Warner Music Group to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 44.0%.

Warner Music Group Stock Performance

Shares of NASDAQ:WMG opened at $26.37 on Tuesday. Warner Music Group has a twelve month low of $23.34 and a twelve month high of $35.42. The firm has a market cap of $13.79 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.30. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.72 and a current ratio of 0.73. The business has a fifty day moving average of $27.47 and a 200-day moving average of $28.50.

Warner Music Group (NASDAQ:WMG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.17. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Warner Music Group had a return on equity of 85.50% and a net margin of 9.20%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) EPS. On average, equities research analysts predict that Warner Music Group will post 1.45 EPS for the current fiscal year.

About Warner Music Group

Warner Music Group is a major global music company that operates across recorded music and music publishing. Its recorded-music business comprises a portfolio of well-known labels—including Atlantic, Warner Records and Parlophone—as well as distribution and artist-services operations that support both established and emerging artists. The company’s publishing arm, Warner Chappell Music, manages songwriting catalogs and administers rights for compositions across multiple media, providing licensing for film, television, advertising and other commercial uses.

WMG’s activities span the full music value chain: signing and developing artists, producing and marketing recordings, distributing music through physical channels and streaming platforms, and monetizing rights through licensing, synchronization and neighboring-rights collection.