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 on its Class A and B common stock. This dividend will be payable on October 3, 2022, to stockholders of record by the close of business on September 15, 2022. Additionally, a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock has also been announced, with the same payment date.

Positive

• Quarterly cash dividend of $0.24 per share for common stock.
• Quarterly cash dividend of $1.4375 per share for Series A Preferred Stock.
• Confirms ongoing commitment to returning value to shareholders.

Negative

• None.

NEW YORK, Aug. 2, 2022 /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 October 3, 2022, to stockholders of record at the close of business on September 15, 2022.

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 3, 2022, to stockholders of record at the close of business on September 15, 2022.

About Paramount 

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and 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 @Paramount on social platforms.

PARA-IR

 

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SOURCE Paramount Global

FAQ

What is the dividend amount declared by Paramount Global?

Paramount Global declared a dividend of $0.24 per share on its common stock and $1.4375 per share on its Series A Preferred Stock.

When will the dividends be paid?

The dividends will be payable on October 3, 2022.

What is the record date for the dividends from Paramount Global?

The record date for the dividends is September 15, 2022.

Is the dividend sustainable for Paramount Global?

The press release does not provide specific details on the sustainability of the dividend, but the declaration indicates a commitment to returning value to shareholders.