SmarterDividends
WMG

Warner Music Group (WMG) Dividend

Warner Music Group Corp. · Communication Services · Entertainment · quarterly payer

$32.29

Fairly valued · -4% Add to Portfolio

As of Nov 5, 2026, Warner Music Group (WMG) pays a quarterly dividend of $0.20 per share, or $0.80 a year, a 2.46% yield at its $32.29 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 5 years in a row and has a dividend safety grade of B.

Forward Yield

2.46%

Annual Dividend

$0.80

Payout Ratio

61%

5-Yr Growth

9.0%

Ex-Date

Aug 20, 2026

Frequency

Quarterly

Key facts about WMG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Warner Music Group Corp. (WMG) has a forward dividend yield of 2.46%, based on an annual dividend of $0.80 per share and a share price of $32.29.
  • As of Nov 5, 2026, WMG's dividend safety grade from SmarterDividends is B (71 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Warner Music Group Corp. (WMG) has raised its dividend for 5 consecutive years as of Nov 5, 2026.
  • WMG has never cut its regular dividend in the payment history SmarterDividends has on record.
  • WMG's most recent ex-dividend date was Aug 20, 2026, for a dividend of $0.20 per share.
  • As of Nov 5, 2026, WMG pays out 61% of its trailing 12-month earnings as dividends (its payout ratio).
  • WMG's dividend has grown at an average rate of 9.0% a year over the past five years.
  • As of Nov 5, 2026, WMG's 2.46% yield is 22% above its five-year average yield of 2.01%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for WMG is $31.06 per share, 4% below the $32.29 share price, so WMG screens as fairly valued.
  • Warner Music Group Corp. (WMG) pays its dividend quarterly, 4 times a year.
  • Warner Music Group Corp. (WMG) has raised its regular dividend 6 times and cut it 0 times across the 25 payments on record since 2020. Its most recent change was a 5.3% increase to $0.200 per share, going ex-dividend on Aug 20, 2026.
  • Warner Music (WMG) has declared its first higher dividend of the year in August in 5 of the last 5 years; its most recent raise, 5.3%, was declared on Aug 5, 2026.
Cite this page

SmarterDividends, "WMG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/WMG

Is WMG a good dividend stock?

Yes, with caveats

Warner Music Group Corp. (WMG) pays a quarterly dividend yielding 2.46% ($0.80/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record
  • Strong 9.0% 5-yr dividend growth

Risks

  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.46%
Payout Ratio
61%
Annual Dividend
$0.80
5-Yr Avg Growth
9.0%
Ex-Dividend Date
Aug 20, 2026
Years of Growth
5
Frequency
quarterly
Beta
1.32
Market Cap
$16.9B
P/E Ratio
25.8
5-Yr Total Return
-29%
52-Week Range
$23.34 – $35.42
Dividend Safety
B · 71/100
Ever Cut?
No

WMG dividend raises and cuts

Warner Music Group Corp. (WMG) has raised its regular dividend 6 times and cut it 0 times across the 25 payments on record since 2020. Its most recent change was a 5.3% increase to $0.200 per share, going ex-dividend on Aug 20, 2026.

Ex-dateChangeOld → newMove
Aug 20, 2026Raise$0.190 → $0.200+5.3%
Aug 20, 2025Raise$0.180 → $0.190+5.6%
Aug 27, 2024Raise$0.170 → $0.180+5.9%
Aug 23, 2023Raise$0.160 → $0.170+6.3%
Aug 23, 2022Raise$0.150 → $0.160+6.7%
Aug 24, 2021Raise$0.120 → $0.150+25.0%
Every WMG payment →Download every raise and cut (CSV)
WMG ex-dividend date & scheduleNext ex-date Aug 20, 2026 · full ex-dividend historyView →WMG dividend historyEvery payment, totals by year, raises and cutsView →WMG dividend calculator100 shares pay $80.00 a year, $20.00 each quarterCalculate →WMG total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is WMG a good dividend stock?

Yes, with caveats. Warner Music Group Corp. (WMG) pays a quarterly dividend yielding 2.46% ($0.80/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is WMG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WMG's fair value is about $31.06 versus a $32.29 share price — so it looks fairly valued (-4% vs. fair value).

Is WMG's dividend safe?

WMG has a dividend-safety grade of B (71/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is WMG's fair value?

Our blended fair-value estimate for WMG is about $31.06 per share, about 4% below the current $32.29 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WMG a buy, hold, or sell?

We don't issue formal ratings, but on the data WMG screens as "yes, with caveats" and fairly valued. Warner Music Group Corp. (WMG) pays a quarterly dividend yielding 2.46% ($0.80/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will WMG cut its dividend?

WMG earns a dividend-safety grade of B (71/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WMG pay a dividend?

Yes. Warner Music Group Corp. pays a quarterly dividend of about $0.80 per share annually, a forward yield of roughly 2.46%.

How much dividend does 100 shares of WMG pay?

At $0.80 per share a year, 100 shares of WMG pay $80.00 a year in dividends before tax, about $20.00 each quarter. Buying them costs about $3,228 at the Nov 5, 2026 price.

What is WMG's dividend yield?

As of Nov 5, 2026, WMG's forward dividend yield is 2.46%, based on a $0.80 annual dividend and a $32.29 share price.

What is WMG's dividend per share?

As of Nov 5, 2026, WMG pays $0.80 per share per year, distributed on a quarterly basis.

What is WMG's dividend payout ratio?

As of Nov 5, 2026, WMG's payout ratio is 61% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has WMG grown its dividend?

As of Nov 5, 2026, WMG has increased its dividend for 5 consecutive years.

When is the next WMG ex-dividend date?

As of Nov 5, 2026, WMG's next ex-dividend date hasn't been announced. The most recent was Aug 20, 2026, for $0.20 per share.

WMG Dividend News

WMG
IncreaseWMG·Aug 25, 2026

Warner Music Group Raises Quarterly Dividend 5.3% to $0.20

Warner Music Group lifted its quarterly dividend to $0.20 a share, extending a 5-year growth streak as cash generation and margins improved.

Income Calculator

At $0.80 / yr per share

Per payment (quarterly)$20.00
Annual$80.00
Monthly avg$6.67
Full WMG dividend calculator →

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