Warner Music Group Corp. Announces Quarterly Cash Dividend
August 12 2022 - 7:30AM
Warner Music Group Corp. (“Warner Music Group” or “WMG”) today
announced that its Board of Directors declared a regular quarterly
cash dividend of $0.16 per share on WMG’s Class A Common Stock and
Class B Common Stock, representing an aggregate quarterly dividend
of approximately $82.4 million (based on the issued and outstanding
shares of Class A Common Stock and Class B Common Stock). The
dividend is payable on September 1, 2022, to stockholders of record
as of the close of business on August 24, 2022.
About Warner Music Group
With a legacy extending back over 200 years, Warner Music Group
today is home to an unparalleled family of creative artists,
songwriters, and companies that are moving culture across the
globe. At the core of WMG’s Recorded Music division are four of the
most iconic companies in history: Atlantic, Elektra, Parlophone and
Warner Records. They are joined by renowned labels such as 300
Entertainment, Asylum, Big Beat, Canvasback, East West, Erato,
FFRR, Fueled by Ramen, Nonesuch, Reprise, Rhino, Roadrunner, Sire,
Spinnin’ Records, Warner Classics and Warner Music Nashville.
Warner Chappell Music—which traces its origins back to the founding
of Chappell & Company in 1811—is one of the world’s leading
music publishers, with a catalog of more than one million
copyrights spanning every musical genre from the standards of the
Great American Songbook to the biggest hits of the 21st
century.
This communication includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements include statements
regarding expectations as to the intention to pay regular quarterly
dividends. The forward-looking statements contained herein involve
risks and uncertainties that could cause actual results to differ
materially from those referred to in the forward-looking
statements. More information about Warner Music Group and other
risks related to Warner Music Group are detailed in Warner Music
Group’s most recent annual report on Form 10-K and its quarterly
reports on Form 10-Q and current reports on Form 8-K as filed with
the Securities and Exchange Commission. Warner Music Group does not
undertake an obligation to update forward-looking statements.
Warner Music Group maintains an Internet site at www.wmg.com.
Warner Music Group uses its website as a channel of distribution of
material Company information. Financial and other material
information regarding Warner Music Group is routinely posted on and
accessible at http://investors.wmg.com. In addition, you may
automatically receive email alerts and other information about
Warner Music Group by enrolling your email address through the
“email alerts” section at http://investors.wmg.com. Warner Music
Group’s website and the information posted on it or connected to it
shall not be deemed to be incorporated by reference into this
communication.
Additional factors that may affect future results and conditions
are described in Warner Music Group’s filings with the SEC, which
are available at the SEC’s web site at www.sec.gov or at
Warner Music Group’s website at www.wmg.com.
SOURCE: WMG
Media Contact:
James Steven
James.Steven@wmg.com
Investor Relations Contact:
Kareem Chin
Kareem.Chin@wmg.com
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