Warner Music Group's latest quarterly cash dividend of $0.16 per share was issued to shareholders on record before Aug 23, 2022. The dividend distribution stands at $0.61 per share annually, which comes to a dividend yield of 2.49%. The latest WMG dividend of $0.16 is an increase from the previous $0.15 payout, representing a growth of 7%.
WMG has a dividend yield of 2.49% which is higher than the industry average but lower than the Communication Services sector average. If we compare it with the Communication Services sector average of 3.03%, Warner Music Group's dividend yield is 18% lower.
Warner Music Group has been paying dividends for the last two years. Our records show that WMG has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 20% since twelve months ago. And with the price of the stock down by 45% from a year ago, the dividend yield has an increase of 119%.
|Ex-date||Payment date||Declared on||Amount||Type|
|Aug 23, 2022||Sep 1, 2022||Aug 12, 2022||$0.16||normal|
|May 20, 2022||Jun 1, 2022||May 13, 2022||$0.15||normal|
|Feb 17, 2022||Mar 1, 2022||Feb 8, 2022||$0.15||normal|
|Nov 22, 2021||Dec 1, 2021||Nov 9, 2021||$0.15||normal|
|Aug 24, 2021||Sep 1, 2021||Aug 13, 2021||$0.15||normal|
|May 21, 2021||Jun 1, 2021||May 13, 2021||$0.12||normal|
|Feb 19, 2021||Mar 1, 2021||Feb 11, 2021||$0.12||normal|
|Nov 23, 2020||Dec 1, 2020||Nov 13, 2020||$0.12||normal|
|Aug 24, 2020||Sep 1, 2020||Aug 14, 2020||$0.12||normal|
WMG has a payout ratio of 73.5% which is higher than the Communication Services sector and the industry average. In comparison with the Communication Services sector average of 38.7%, Warner Music Group's payout ratio is 90% higher.
Yes, Warner Music Group has paid four dividends in the last twelve months. WMG has been paying dividends since 2020.
At this point we don't have a record of WMG's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2022.
Warner Music Group's last dividend ex-date was on Aug 23, 2022. The dividend amount was $0.16 per share.
On an annual basis WMG pays $0.61 per share.
Warner Music Group's current dividend yield is 2.49%.
Warner Music Group pays dividends quarterly.
The dividend payout ratio of Warner Music Group is 73.5%.
Warner Music Group's dividend yield is less than the Communication Services sector average.