Universal Music Group is a dividend paying company with a current yield of 1.84% 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: UMGA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: UMGA'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 UMGA dividend yield compare to the market?
Segment
Dividend Yield
Company (UMGA)
1.8%
Market Bottom 25% (GB)
2.1%
Market Top 25% (GB)
5.8%
Industry Average (Entertainment)
1.7%
Analyst forecast in 3 Years (UMGA)
2.3%
Notable Dividend: UMGA's dividend (1.84%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.12%).
High Dividend: UMGA's dividend (1.84%) is low compared to the top 25% of dividend payers in the UK market (5.78%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.7%), UMGA's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.7%), UMGA's dividend payments are covered by cash flows.