Paramount Global Declares Quarterly Cash Dividends

Rhea-AI Summary

Paramount Global (NASDAQ: PARA) declares quarterly cash dividends for both its Class A and Class B Common Stock, as well as for its 5.75% Series A Mandatory Convertible Preferred Stock. The dividends of $0.05 per share for common stock and $1.4375 per share for preferred stock will be payable on October 2, 2023, to stockholders of record at the close of business on September 15, 2023.

Positive

• Paramount Global demonstrates financial stability and commitment to returning value to its shareholders through the declaration of quarterly cash dividends.

Negative

• None.

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA) (NASDAQ: 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 2, 2023, to stockholders of record at the close of business on September 15, 2023.

At the same time, the Board of Directors also declared a quarterly cash dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock. The dividend will be payable on October 2, 2023, to stockholders of record at the close of business on September 15, 2023.

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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, Showtime Networks, 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 dividend amount declared by Paramount Global for its common stock?

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

When will the dividends be payable to stockholders?

The dividends will be payable on October 2, 2023, to stockholders of record at the close of business on September 15, 2023.

What is the dividend amount declared by Paramount Global for its preferred stock?

Paramount Global has declared a quarterly cash dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock.