Paramount Global Declares Quarterly Cash Dividend

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) has announced a quarterly cash dividend declaration by its Board of Directors. The dividend, set at $0.05 per share, will be applicable to both Class A and Class B Common Stock. Stockholders of record as of the close of business on December 16, 2024, will be eligible to receive the dividend payment, which is scheduled for January 2, 2025.

Positive

• Consistent dividend payment demonstrates financial stability
• Equal treatment of Class A and Class B stockholders

Negative

• Low dividend amount of $0.05 per share may not be attractive to income-focused investors

News Market Reaction

+1.04%

1 alert

+1.04% News Effect

On the day this news was published, PARA gained 1.04%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Sept. 25, 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 January 2, 2025, to stockholders of record at the close of business on December 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.

Press: 

Justin Dini
Executive Vice President, Head of Communications
(212) 846-2724
justin.dini@paramount.com

Allison McLarty
Senior Vice President, Corporate and Financial Communications
(323) 376-7903
allison.mclarty@paramount.com

Investors:

Jaime Morris
Executive Vice President, Investor Relations
(212) 846-5237
jaime.morris@paramount.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/paramount-global-declares-quarterly-cash-dividend-302258979.html

SOURCE Paramount Global

FAQ

What is the dividend amount for Paramount Global (PARA) in Q4 2024?

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

When is the dividend payment date for Paramount Global (PARA) stock?

The dividend payment date for Paramount Global (PARA) stock is January 2, 2025.

What is the record date for Paramount Global's (PARA) Q4 2024 dividend?

The record date for Paramount Global's (PARA) Q4 2024 dividend is December 16, 2024, at the close of business.

Does Paramount Global (PARA) pay different dividends for Class A and Class B stock?

No, Paramount Global (PARA) pays the same dividend of $0.05 per share for both Class A and Class B Common Stock.