Warner Music Group Corp. Announces Quarterly Cash Dividend
14 August 2020 - 10:16PM
Warner Music Group Corp. (“Warner Music Group” or “WMG”) today
announced that its Board of Directors declared a regular quarterly
cash dividend of $0.12 per share on WMG’s Class A Common Stock and
Class B Common Stock, representing an aggregate quarterly dividend
of approximately $61.2 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, 2020, to stockholders of record
as of the close of business on August 25, 2020.
About Warner Music Group
With a legacy extending back over 200 years, Warner Music Group
(WMG) today brings together artists, songwriters and entrepreneurs
that are moving entertainment culture across the globe. Operating
in more than 70 countries through a network of affiliates and
licensees, WMG’s Recorded Music division includes renowned labels
such as Asylum, Atlantic, Big Beat, Canvasback, Elektra, Erato,
First Night, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino,
Roadrunner, Sire, Spinnin’, Warner Records, Warner Classics and
Warner Music Nashville. WMG’s music publishing arm, Warner Chappell
Music, has a catalog of more than 1.4 million musical compositions
spanning every musical genre, from the standards of the Great
American Songbook to the biggest 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 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(212)
275-2213James.Steven@wmg.com
Summer Wilkie(212) 275-3921Summer.Wilkie@wmg.com
Sard Verbinnen & CoWMG-SVC@SARDVERB.com
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