Warner deepens investor value

Article Excerpt

WARNER MUSIC GROUP $28.64, is a buy. The company (Nasdaq symbol WMG; TSINetwork Rating: Average) (www.wmg.com; Shares outstanding: 88.6 million; Market cap: $14.6 billion; Dividend yield: 1.7%) has now started paying dividends. Investors received the first regular quarterly payment of $0.12 a share on September 1, 2020. The stock yields 1.7%. Warner Music’s successful June 2020 IPO, despite COVID-19 volatility, shows the strength of the music industry. That business continues to revive with the rise of music-streaming services such as Spotify and Apple Music as well as video apps such as TikTok. Warner Music Group is a buy. buy…

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