Universal Music Group is a dividend paying company with a current yield of 1.85% that is well covered by earnings. Next payment date is on 11th June, 2024 with an ex-dividend date of 20th May, 2024.
Key information
1.8%
Dividend yield
74%
Payout ratio
Industry average yield
1.7%
Next dividend pay date
11 Jun 24
Ex dividend date
20 May 24
Dividend per share
n/a
Earnings per share
€0.69
Dividend yield forecast in 3Y
2.3%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 0VD has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 0VD's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
Universal Music Group Dividend Yield vs Market
How does 0VD dividend yield compare to the market?
Segment
Dividend Yield
Company (0VD)
1.8%
Market Bottom 25% (DE)
1.7%
Market Top 25% (DE)
4.8%
Industry Average (Entertainment)
1.7%
Analyst forecast in 3 Years (0VD)
2.3%
Notable Dividend: 0VD's dividend (1.85%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: 0VD's dividend (1.85%) is low compared to the top 25% of dividend payers in the German market (4.77%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.7%), 0VD's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.7%), 0VD's dividend payments are covered by cash flows.