Warner Music Group Corp. (NASDAQ:WMG – Get Free Report) declared a quarterly dividend on Thursday, August 15th, Zacks reports. Shareholders of record on Tuesday, August 27th will be paid a dividend of 0.18 per share on Wednesday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Tuesday, August 27th. This is a boost from Warner Music Group’s previous quarterly dividend of $0.17.
Warner Music Group has raised its dividend payment by an average of 40.1% annually over the last three years. Warner Music Group has a dividend payout ratio of 46.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warner Music Group to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 47.9%.
Warner Music Group Stock Performance
Shares of WMG stock opened at $29.10 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 6.26. The company has a market cap of $15.07 billion, a PE ratio of 29.10, a P/E/G ratio of 1.77 and a beta of 1.38. The company’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $32.02. Warner Music Group has a 52 week low of $27.06 and a 52 week high of $38.05.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Warner Music Group
Warner Music Group Company Profile
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.
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