Paramount Global Declares Quarterly Cash Dividends

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Paramount Global declares quarterly cash dividend on common stock and preferred stock

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• Paramount Global (NASDAQ: PARA, PARAA) has declared a quarterly cash dividend of $0.05 per share on its Class A and Class B Common Stock. The dividend will be payable on January 2, 2024, to stockholders of record at the close of business on December 15, 2023. Additionally, a quarterly cash dividend of $1.4375 per share has been declared on its 5.75% Series A Mandatory Convertible Preferred Stock, payable on the same dates.

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NEW YORK, Oct. 12, 2023 /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, 2024, to stockholders of record at the close of business on December 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 January 2, 2024, to stockholders of record at the close of business on December 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 on its common stock?

Paramount Global has declared a dividend of $0.05 per share on its Class A and Class B Common Stock.

When will the dividend be payable?

The dividend will be payable on January 2, 2024.

Who will receive the dividend?

The dividend will be paid to stockholders of record at the close of business on December 15, 2023.

What is the dividend amount declared on the preferred stock?

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

What is the dividend payment date for the preferred stock?

The dividend on the preferred stock will also be payable on January 2, 2024.