Monday marks the final probability for traders to obtain the subsequent dividend payout from Warner Music Group WMG.
The corporate introduced on Friday that it will pay shareholders a quarterly dividend of 16 per share. On Tuesday, Warner Music Group will go ex-dividend, that means the inventory will commerce decrease to replicate that payout. In different phrases, the inventory will doubtless open 16 decrease than it will have opened on some other day.
So as to be eligible to obtain an organization’s dividend, shareholders should personal the inventory previous to the ex-dividend date—on this case, Tuesday. Shareholders who personal WMG as of the tip of Monday’s session are eligible to obtain the 16 dividend payout for each share that they personal.
In accordance with the corporate, this dividend will probably be paid out to shareholders on September 01, 2022. Buyers will then be capable of both reinvest these dividends again into the inventory or use the fee in another approach.
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