5 Best Affordable Dividend Stocks to Buy

2. Warner Music Group Corp. (NASDAQ:WMG)

Stock Price as of September 27: $23.78

Dividend Yield as of September 27: 2.69%

Number of Hedge Fund Holders:  28

Warner Music Group Corp. (NASDAQ:WMG) is a multinational entertainment and record label company operating some of the largest and most famous labels in the world, including Atlantic, Elektra, Parlophone and Warner Records. It is also home to Warner Chappell Music – one of the world’s leading music publishers, with a catalog of more than one million copyrights.

On August 12, the board of directors of Warner Music Group Corp. (NASDAQ:WMG) declared a regular quarterly cash dividend of $0.16 per common share.

Warner Music Group Corp. (NASDAQ:WMG) has lost 44.93% of its value since the beginning of the year as of September 27 but analysts have an average price target of $33.80 for its shares.

As of Q2 2022, 28 of the 895 hedge funds tracked by Insider Monkey owned shares of Warner Music Group Corp. (NASDAQ:WMG), valued at $627 million. Darlington Partners Capital is its largest shareholder with ownership of 6.6 million shares valued at $161 million.