Warner Music Group Corp. (NASDAQ:WMG) Plans Quarterly Dividend of $0.19

Warner Music Group Corp. (NASDAQ:WMG) announced a quarterly dividend on Thursday, February 5th. Investors of record on Wednesday, February 18th will be given a dividend of 0.19 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, February 18th.

Warner Music Group has increased its dividend payment by an average of 0.4%annually 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 55.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warner Music Group to earn $1.51 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 50.3%.

Warner Music Group Stock Down 0.0%

NASDAQ:WMG opened at $28.19 on Friday. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.66 and a quick ratio of 0.64. Warner Music Group has a 1-year low of $25.56 and a 1-year high of $36.64. The company has a 50-day moving average of $29.50 and a 200 day moving average of $31.12. The firm has a market cap of $14.73 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24.

Warner Music Group (NASDAQ:WMG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Warner Music Group had a net margin of 5.44% and a return on equity of 47.78%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that Warner Music Group will post 1.39 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.