Paramount Global Declares Quarterly Cash Dividend

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) has announced a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on October 1, 2024, to stockholders of record at the close of business on September 16, 2024. This announcement demonstrates Paramount's commitment to providing regular returns to its shareholders, despite challenging market conditions in the media and entertainment industry. The consistent dividend payout, albeit modest, may be seen as a signal of the company's financial stability and confidence in its future cash flows.

Positive

• Consistent dividend payout indicates financial stability
• Commitment to shareholder returns maintained

Negative

• Low dividend amount of $0.05 per share may disappoint some investors
• Unchanged dividend suggests potential lack of growth in shareholder returns

News Market Reaction

-0.99%

1 alert

-0.99% News Effect

On the day this news was published, PARA declined 0.99%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on October 1, 2024, to stockholders of record at the close of business on September 16, 2024.

PARA-IR

About Paramount

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount's portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.

For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.

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SOURCE Paramount Global

FAQ

What is the amount of Paramount Global's (PARA) quarterly dividend for 2024?

Paramount Global (PARA) has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock for 2024.

When will Paramount Global (PARA) pay its next dividend?

Paramount Global (PARA) will pay its next quarterly dividend on October 1, 2024.

What is the record date for Paramount Global's (PARA) upcoming dividend?

The record date for Paramount Global's (PARA) upcoming dividend is September 16, 2024, at the close of business.

How often does Paramount Global (PARA) pay dividends?

Based on the announcement of a quarterly cash dividend, Paramount Global (PARA) pays dividends four times a year.