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Ex-Dividend Reminder: Spectrum Brands Holdings, Warner Music Group and Wynn Resorts

By Dividend Channel Staff, Thursday, May 18, 9:57 AM ET
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On 5/22/23, Spectrum Brands Holdings Inc (NYSE:SPB), Warner Music Group Corp (NASDAQ:WMG), and Wynn Resorts Ltd (NASDAQ:WYNN) will all trade ex-dividend for their respective upcoming dividends. Spectrum Brands Holdings Inc will pay its quarterly dividend of $0.42 on 6/8/23, Warner Music Group Corp will pay its quarterly dividend of $0.16 on 6/1/23, and Wynn Resorts Ltd will pay its quarterly dividend of $0.25 on 6/6/23.

As a percentage of SPB's recent stock price of $71.12, this dividend works out to approximately 0.59%, so look for shares of Spectrum Brands Holdings Inc to trade 0.59% lower — all else being equal — when SPB shares open for trading on 5/22/23. Similarly, investors should look for WMG to open 0.61% lower in price and for WYNN to open 0.23% lower, all else being equal.

Below are dividend history charts for SPB, WMG, and WYNN, showing historical dividends prior to the most recent ones declared.

Spectrum Brands Holdings Inc (NYSE:SPB):

Warner Music Group Corp (NASDAQ:WMG):

Wynn Resorts Ltd (NASDAQ:WYNN):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.36% for Spectrum Brands Holdings Inc, 2.45% for Warner Music Group Corp, and 0.92% for Wynn Resorts Ltd.


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In Thursday trading, Spectrum Brands Holdings Inc shares are currently down about 1%, Warner Music Group Corp shares are off about 0.3%, and Wynn Resorts Ltd shares are down about 0.1% on the day.


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