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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Warner Music Group Corp. (WMG) pays a $0.76 annual dividend ($0.20 quarterly), yielding 2.55% at $31.40/share. Next ex-dividend date 2026-08-20. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.55%
Annual Dividend: $0.76 per share
Payout Ratio: 60.8%
Ex-Dividend Date: 2026-08-20
Dividend Frequency: quarterly
Sector: Communication Services
Years of Dividend History: 7
Warner Music Group Corp. dividend sits at a 2.79% yield, backed by a catalog of roughly two million musical compositions and a roster of artists across labels like Warner Records, Parlophone, and Reprise. Trailing twelve-month payments total $0.76 per share, paid quarterly, with the next ex-dividend date on August 20, 2026. WMG operates across Recorded Music and Music Publishing segments, giving it two distinct revenue streams tied to streaming, licensing, and physical distribution. A beta of 1.399 means the stock moves more than the broader market, so income investors who prioritize price stability should weigh that volatility against the yield.
Warner Music Group Corp. pays out 60.8% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is serviceable given WMG's dual-segment model, where Music Publishing revenue from owning and administering roughly two million compositions provides a licensing-driven income stream alongside Recorded Music sales. Warner Music Group Corp. dividend safety faces its clearest pressure from that payout ratio sitting in the upper portion of the elevated range, leaving limited room to absorb an earnings decline without forcing a reassessment of the current payment level.
Warner Music Group Corp. dividend history shows a CAGR of 8.2% per year from 2021 to 2025. Per-share payments grew from $0.54 to $0.74 over that window (2026 data is partial and excluded from the CAGR calculation). The largest single-year jump was 14.8% in 2022. The smallest annual increase in the window was 5.7% in 2025, which shows the pace of raises has moderated from its earlier peak.
| 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 income from the entertainment sector and can accept a moderate payout ratio alongside meaningful price swings. The current yield of 2.79% sits in the moderate (2-4%) range and is notably above the 5-year average yield of 2.07%, which means buyers today are getting more income per dollar than the historical norm. Four consecutive years of increases and an 8.2% annual growth rate are real positives. The trade-off is a beta of 1.399 and a payout ratio at 60.8%, which together mean the stock can move sharply and has less earnings cushion than lower-payout names. Income with growth, but not without turbulence.
| 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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