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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Warner Music Group Corp. (WMG) pays a $0.77 annual dividend ($0.20 quarterly), yielding 2.68% at $28.78/share. Next ex-dividend date 2026-08-20. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.68%
Annual Dividend: $0.77 per share
Payout Ratio: 89.3%
Ex-Dividend Date: 2026-08-20
Dividend Frequency: quarterly
Sector: Communication Services
Years of Dividend History: 7
Warner Music Group Corp. dividend income comes from one of the world's largest music companies, home to labels like Atlantic Records, Warner Records, and Parlophone. WMG currently pays $0.77 per share annually, with dividends distributed quarterly and the next ex-dividend date set for August 20, 2026. The current yield stands at 2.68%. With a beta of 1.302, this is not a low-volatility income stock, making it better suited for dividend investors who can tolerate moderate price swings in exchange for exposure to global music rights and recorded music revenue.
Warner Music Group Corp. pays out 89.3% of earnings as dividends, a payout ratio classified as high (above 75%). That level leaves limited room for error, though WMG operates across two revenue streams, Recorded Music and Music Publishing, the latter of which owns rights to approximately one million musical compositions spanning roughly 100,000 songwriters. Warner Music Group Corp. dividend safety faces its clearest pressure from that thin earnings cushion: any meaningful drop in licensing revenue, streaming income, or catalog performance could strain the payout without a buffer to absorb it.
Warner Music Group Corp. dividend history shows a CAGR of 8.2% per year from 2021 to 2025. The per-share payment grew from $0.54 to $0.74 over that window (2026 data is partial and excluded from the CAGR calculation, with Warner Music Group Corp. dividend 2026 figures reflecting only payments made to date). The smallest annual increase in the window was 5.7% in 2025, down from a peak single-year jump of 14.8% in 2022, which points to a growth rate that has been decelerating toward the lower end of its own range.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.1% | $0.62 (2022) | $0.74 (2025) |
| 5-Year | +25.3% | $0.24 (2020) | $0.74 (2025) |
WMG stock fits dividend investors who want exposure to a global music business with a growing payout, and who are not dependent on maximum income from a single position. The yield sits at a moderate (2–4%) 2.68%, above the stock's own 5-year average of 2.27%, which means buyers today are getting a better entry yield than the historical norm. The trade-off is a payout ratio of 89.3%, which leaves little margin if earnings soften. Four consecutive years of increases and an 8.2% CAGR show a company that has prioritized dividend growth, but the high payout ratio means that growth cannot continue indefinitely without corresponding earnings expansion.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-20 | $0.2000 |
| 2026-05-26 | $0.1900 |
| 2026-02-18 | $0.1900 |
| 2025-11-19 | $0.1900 |
| 2025-08-20 | $0.1900 |
| 2025-05-27 | $0.1800 |
| 2025-02-24 | $0.1800 |
| 2024-11-19 | $0.1800 |
| 2024-08-27 | $0.1800 |
| 2024-05-22 | $0.1700 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5800 |
| 2025 | $0.7400 |
| 2024 | $0.7000 |
| 2023 | $0.6600 |
| 2022 | $0.6200 |
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