Warner Music Group Corp. (NASDAQ:WMG) Shares Set to Pay Quarterly Dividend of $0.20

Warner Music Group Corp. (NASDAQ:WMG) announced a quarterly dividend on Monday, November 9th. Investors of record on Friday, November 20th will be paid a dividend of $0.20 per share on Tuesday, December 1st. This represents a $0.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 20th.

Warner Music Group has raised its dividend by an average of 0.4% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Warner Music Group has a dividend payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warner Music Group to earn $1.77 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 45.2%.

Warner Music Group Price Performance

Warner Music Group stock opened at $31.79 on Tuesday. The stock has a market cap of $16.63 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 0.45 and a beta of 1.34. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 4.94. The company has a fifty day simple moving average of $29.15 and a 200-day simple moving average of $28.63. Warner Music Group has a 12-month low of $23.34 and a 12-month high of $35.42.

About Warner Music Group

Warner Music Group is a global music entertainment company with two main businesses: recorded music and music publishing. Its recorded music operations discover and develop artists, release and market recordings, and distribute music through digital services and physical formats. The company works with artists across a range of genres and career stages.

Through its recorded music labels, including Atlantic Records, Warner Records and Elektra Records, Warner Music Group supports artists with services such as artist development, marketing and distribution.