Warner Music Group Corp. – said on May 12, 2023 that its board of directors declared regular quarterly dividend $0.16 per share ($0.64 annualized). Previously, the company paid $0.16 per share.
The shares must have been purchased before the ex-split date of May 22, 2023, to qualify for the dividend. Shareholders of record through May 23, 2023 will receive the payment on June 1, 2023.
At the current share price of $25.29/share, the stock’s dividend yield is 2.53%.
Looking back five years and taking one sample each week, the average dividend yield has been 1.72%, with a low of 1.23%, and a high of 2.86%. The standard deviation of the yield is 0.39 (n=127).
The current dividend yield is 2.10 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 0.77. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
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What is Fund Sentiment?
there are 413 Reporting of fund or institution positions In Warner Music Group Corp. -. This is an increase of 27 owners or 6.99% over the previous quarter. average portfolio weight of all funds 0.43% dedicated to WMG, an increase of 21.76%. Total shares owned by institutions decreased by 1.14% to 146,230K shares in the last three months. put/call ratio WMG has a value of 0.28, which indicates a bullish outlook.
Analyst Price Forecast Indicates 42.11% Upside
By May 11, 2023, average one year price target For Warner Music Group Corp – 35.94. Forecasts range from a low of $28.28 to a high of $54.60. The average price target shows an upside of 42.11% from its latest informed closing price of 25.29.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Warner Music Group Corp is – 6,262MM, a growth of 7.67%. Estimated Annual Non-GAAP eps is 1.08.
What are the other shareholders doing?
Sands Capital Management The company holds 10,269K shares representing 1.99% ownership. In its prior filing, the firm reported representing 10,674K shares. fall short of 3.94%. Firm fell short of Its portfolio allocation in WMG has increased by 20.06% as compared to the previous quarter.
Caledonia Investments (Private) Pty. The company holds 6,259K shares representing 1.21% ownership. In its prior filing, the firm reported representing 6,919K shares. fall short of 10.56%. Firm increased Its portfolio allocation in WMG has increased by 23.67% as compared to the previous quarter.
Capital World Investors The company holds 4,815K shares representing 0.93% ownership. In its prior filing, the firm reported holdings representing 4,812K shares. a hike of 0.06%. Firm increased Its portfolio allocation in WMG has increased by 43.34% as compared to the previous quarter.
Darlington Partners Capital Management The company holds 4,478K shares representing 0.87% ownership. In its prior filing, the firm reported representing 6,665K shares. fall short of 48.83%. Firm increased Its portfolio allocation in WMG has increased by 11.76% as compared to the previous quarter.
Jackson Square Partners The company holds 4,016K shares representing 0.78% ownership. In its prior filing, the firm reported representing 3,817K shares. a hike of 4.97%. Firm increased Its portfolio allocation in WMG has increased by 1.71% over the previous quarter.
Warner Music Group Background Information
(This description is provided by the company.)
With a heritage spanning more than 200 years, Warner Music Group (WMG) today brings together the artists, songwriters and entrepreneurs who are advancing entertainment culture around the world. Operating in more than 70 countries through a network of affiliates and licensees, WMG’s Recorded Music division includes Asylum, Atlantic, Big Beat, Canvasback, Elektra, Erato, First Night, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Famous labels like Rhino are included. , Roadrunner, Sire, Spinnin’, Warner Records, Warner Classics and Warner Music Nashville. Warner Chappell Music, the music publishing arm of WMG, has a catalog of over 1.4 million musical compositions spanning every musical genre, from standards from the Great American Songbook to the greatest hits of the 21st century. Warner Music Group is also home to ADA, the independent artist and label services company, as well as consumer brands such as Songkick, the live music app; EMP, the merchandise e-tailer; and UPROXX, the youth culture destination.
This story originally appeared on Fintail,
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