Paramount Global Declares Quarterly Cash Dividends

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) has declared a quarterly cash dividend of $0.24 per share for its Class A and Class B Common Stock, payable on April 3, 2023 to stockholders of record by the close of business on March 20, 2023.

Additionally, a dividend of $1.4375 per share will be issued for its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on April 3, 2023.

This announcement reflects Paramount's ongoing commitment to return value to its shareholders through regular dividends amidst its diverse media portfolio.

Positive

• Quarterly cash dividend of $0.24 per share for Class A and Class B Common Stock reflects a commitment to shareholder value.
• Dividends of $1.4375 per share on 5.75% Series A Mandatory Convertible Preferred Stock provides additional income for shareholders.

Negative

• None.

NEW YORK, March 10, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on both its Class A and Class B Common Stock. The dividend will be payable on April 3, 2023, to stockholders of record at the close of business on March 20, 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 April 3, 2023, to stockholders of record at the close of business on March 20, 2023.

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.

PARA-IR

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SOURCE Paramount Global

FAQ

What is the new quarterly dividend amount for Paramount Global (PARA, PARAA)?

The new quarterly dividend is $0.24 per share for Class A and Class B Common Stock.

When will the dividends for Paramount Global be paid?

The dividends will be payable on April 3, 2023.

What is the record date for the upcoming dividends of Paramount Global?

The record date for the upcoming dividends is March 20, 2023.

What is the dividend for Paramount's Series A Mandatory Convertible Preferred Stock?

The dividend for the Series A Mandatory Convertible Preferred Stock is $1.4375 per share.