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Warner Music Group Corp. (WMG) logo

Warner Music Group Corp.

S&P 500

WMG/Communication Services · Entertainment/NASDAQ

Dividend Yield

2.77%

$0.76 · Annual Dividend

Stock Price$26.29P/E32.7MCap14.3BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

51/ 100Caution

WMG's dividend shows some areas that warrant monitoring. Strengths include a 51.0% return on equity & 15.6% operating margin. Areas of concern: 89.3% earnings payout ratio & 200.0% fcf payout ratio. The dividend has been growing at a 25.26% 5-year CAGR.

Based on 15 of 15 metrics

Strengths

  • Return on Equity: 51.0%Strong return on equity reflects efficient profit generation.
  • Dividend Cut: NoneNo dividend cut in recent history.
  • 5-Year Dividend CAGR: 25.3%Dividend has grown at a healthy 5-year pace.

Risks

  • FCF Payout Ratio: 200.0%Free cash flow is tight relative to the dividend.
  • Debt-to-Equity: 508.3Debt-to-equity is elevated for the sector.
  • Earnings Payout Ratio: 89.3%High earnings payout ratio leaves little safety margin.

Payout & Coverage

Warning
200.0%Danger
54.4%Caution

Balance Sheet

Warning
0.7xWarning
508.3Danger

Profitability

Safe
51.0%Very Safe
46.3%Safe

Dividend Track Record

Safe
6+ yrsCaution
NoneVery Safe
25.3%Very Safe
Mostly StableCaution

About Warner Music Group Corp.

Warner Music Group is a music entertainment company operating through two primary segments: Recorded Music and Music Publishing. In its Recorded Music segment, the company discovers and develops recording artists, handling marketing, promotion, distribution, and licensing of their music, while also monetizing its catalog through compilations and reissues. The Music Publishing segment manages songwriter and publisher rights. Warner Music Group serves a global market across the United States, United Kingdom, Germany, and internationally, generating revenue through digital streaming, physical sales, artist services, expanded rights, licensing, and performance royalties. The company distributes its content through digital service providers, direct partnerships, and traditional retail channels. Its iconic labels include Atlantic, Parlophone, and Warner Records, representing some of the world's leading recording artists. As a publicly traded entity, Warner Music Group provides investors exposure to the evolving music industry, which increasingly relies on digital platforms and subscription-based streaming models for revenue generation.

Dividend Overview

Dividend Yield

2.77%

Annual Dividend

$0.76

Frequency

Quarterly

Payout Ratio

89.29%

FCF Payout Ratio

200.00%

52-Week Range

$23.34 - $35.42

Dividend History (2016–2025)

WMG annual dividend per share and yield history

Earnings & Profitability

WMG earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

May 26, 2026

Last Payment Date

June 2, 2026

Dividend Growth

3-Year Dividend CAGR

6.08%

5-Year Dividend CAGR

25.26%

10-Year Dividend CAGR

N/A

3-Year Total Growth

19.35%

5-Year Total Growth

208.33%

10-Year Total Growth

N/A

Income Calculator

WMG Dividend Calculator

Total Investment

$2,629.00

Annual Income

$76.00

Quarterly Income

$19.00

Monthly Income

$6.33

Frequently Asked Questions

What is WMG's current dividend yield?
Warner Music Group Corp. (WMG) currently has a dividend yield of 2.77%, based on a stock price of $26.29 and an annual dividend of $0.76.
When is WMG's next dividend payment date?
WMG's next ex-dividend date is 2026-05-26 and the next payment date is 2026-06-02. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does WMG pay in dividends per year?
Warner Music Group Corp. paid $0.74 per share in annual dividends in 2025. The dividends are paid quarterly.
Has WMG been increasing its dividend?
Warner Music Group Corp. has grown its dividend at a 5-year CAGR of 25.26%.
Is WMG's dividend safe?
Warner Music Group Corp. has a payout ratio of 89.29%. Its free cash flow payout ratio is 200.00%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is WMG's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Warner Music Group Corp.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for communication services companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.