Warner Music Group Corp. (NASDAQ:WMG) Announces Dividend Increase – $0.20 Per Share

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 dividend yield of 3.1%. The ex-dividend date of this dividend 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%per year over the last three years and has increased its dividend every year for the last 4 years. Warner Music Group has a payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Warner Music Group to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 40.2%.

Warner Music Group Stock Performance

WMG opened at $26.00 on Thursday. The stock has a market cap of $13.56 billion, a P/E ratio of 30.59, a P/E/G ratio of 0.41 and a beta of 1.30. The company has a debt-to-equity ratio of 5.62, a current ratio of 0.73 and a quick ratio of 0.71. The firm has a fifty day moving average price of $28.25 and a 200 day moving average price of $28.75. Warner Music Group has a 1 year low of $23.34 and a 1 year high of $35.42.

Warner Music Group (NASDAQ:WMG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.17. Warner Music Group had a net margin of 6.34% and a return on equity of 62.01%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that Warner Music Group will post 1.56 earnings per share for the current 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.