(CelebrityAccess MediaWire) —
The board of directors of Warner Music Group Corp. declared a regular quarterly dividend of $0.13 per share of common stock, representing an aggregate quarterly dividend of approximately $19.3 million (based on outstanding shares of 148,514,457.724 as of December 15.). The dividend is payable February 17 to stockholders of record as of the close of business January 18.
The company intends to pay regular quarterly dividends on its common stock outstanding in an amount not to exceed $80 million per year. The board will evaluate whether to pay a dividend on a quarterly basis and will base its decisions on, among other things, results of operations, cash requirements, financial condition, contractual restrictions and other factors the Board of Directors. –Bob Grossweiner and Jane Cohen