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 Class A and B Common Stock, payable on January 3, 2023. Stockholders must be on record by the close of business on December 15, 2022. Additionally, a dividend of $1.4375 per share will be issued for its Series A Mandatory Convertible Preferred Stock, also payable on January 3, 2023. This highlights the company's commitment to returning value to shareholders amidst its diverse media and entertainment portfolio.

Positive

• Quarterly cash dividend of $0.24 per share reflects company's commitment to shareholder returns.
• Dividend for Series A Mandatory Convertible Preferred Stock set at $1.4375 per share, indicating strong financial position.

Negative

• None.

NEW YORK, Sept. 21, 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 January 3, 2023, to stockholders of record at the close of business on December 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 January 3, 2023, to stockholders of record at the close of business on December 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 @ParamountCo on social platforms.

PARA-IR

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SOURCE Paramount Global

FAQ

What is the dividend amount declared by Paramount Global?

Paramount Global has declared a quarterly cash dividend of $0.24 per share for Class A and B Common Stock.

When will the dividends be paid by Paramount Global?

The dividends will be payable on January 3, 2023.

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

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

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.