WMG Declares Quarterly Dividend
March 8, 2007 at 8:45 AM (PT)
The Board of Directors of WARNER MUSIC GROUP declared a regular quarterly dividend of 13 cents per share of common stock, representing an aggregate quarterly dividend of approximately $19.4 million (based on outstanding shares of 149,389,412.787 as of FEBRUARY 6). The dividend is payable APRIL 27 to stockholders of record as of the close of business on MARCH 28.
As previously announced, the company intends to pay regular quarterly dividends on its common stock outstanding in an amount not to exceed $80 million per year.