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Paramount Announces Tax Treatment of 2024 Common Stock Dividends

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Paramount Group (NYSE: PGRE) has disclosed the tax treatment of its common stock dividends for 2024. The company will distribute three quarterly dividends of $0.035 per share, totaling $0.105 for the year. Of each dividend payment, $0.01961 is classified as taxable ordinary dividends (qualified REIT dividends under Section 199A), while $0.01539 represents a non-taxable return of capital. The dividend payments are scheduled for January 12, April 15, and July 15, 2024, with corresponding record dates of December 29, 2023, March 28, 2024, and June 28, 2024.

Paramount Group (NYSE: PGRE) ha rivelato il trattamento fiscale dei dividendi delle sue azioni ordinarie per il 2024. L'azienda distribuirà tre dividendi trimestrali di $0.035 per azione, per un totale di $0.105 per l'anno. Di ogni pagamento di dividendo, $0.01961 è classificato come dividendi ordinari tassabili (dividendi REIT qualificati ai sensi della Sezione 199A), mentre $0.01539 rappresenta un rimborso di capitale non tassabile. I pagamenti dei dividendi sono programmati per il 12 gennaio, il 15 aprile e il 15 luglio 2024, con date di registrazione corrispondenti al 29 dicembre 2023, al 28 marzo 2024 e al 28 giugno 2024.

Paramount Group (NYSE: PGRE) ha divulgado el tratamiento fiscal de sus dividendos de acciones ordinarias para 2024. La empresa distribuirá tres dividendos trimestrales de $0.035 por acción, sumando un total de $0.105 para el año. De cada pago de dividendo, $0.01961 se clasifica como dividendos ordinarios sujetos a impuestos (dividendos REIT calificados bajo la Sección 199A), mientras que $0.01539 representa un reembolso de capital no sujeto a impuestos. Los pagos de dividendos están programados para el 12 de enero, el 15 de abril y el 15 de julio de 2024, con fechas de registro correspondientes al 29 de diciembre de 2023, al 28 de marzo de 2024 y al 28 de junio de 2024.

파라마운트 그룹 (NYSE: PGRE)는 2024년 보통주 배당금의 세금 처리를 공개했습니다. 이 회사는 주당 $0.035의 분기 배당금을 세 번 지급하며, 연간 총액은 $0.105입니다. 각 배당금 지급 중 $0.01961은 과세 가능한 일반 배당금(199A 조항에 따른 자격 있는 REIT 배당금)으로 분류되며, $0.01539는 비과세 자본 환급으로 나타냅니다. 배당금 지급 일정은 2024년 1월 12일, 4월 15일, 7월 15일이며, 해당 기록일자는 2023년 12월 29일, 2024년 3월 28일, 2024년 6월 28일입니다.

Paramount Group (NYSE: PGRE) a divulgué le traitement fiscal de ses dividendes d'actions ordinaires pour 2024. La société distribuera trois dividendes trimestriels de $0.035 par action, soit un total de $0.105 pour l'année. De chaque paiement de dividende, $0.01961 est classé comme dividendes ordinaires imposables (dividendes REIT qualifiés en vertu de la section 199A), tandis que $0.01539 représente un remboursement de capital non imposable. Les paiements de dividendes sont prévus pour le 12 janvier, le 15 avril et le 15 juillet 2024, avec des dates d'enregistrement correspondantes du 29 décembre 2023, du 28 mars 2024 et du 28 juin 2024.

Paramount Group (NYSE: PGRE) hat die steuerliche Behandlung seiner ordentlichen Aktien-dividenden für 2024 veröffentlicht. Das Unternehmen wird drei vierteljährliche Dividenden von $0.035 pro Aktie ausschütten, was insgesamt $0.105 für das Jahr ergibt. Von jeder Dividendenzahlung sind $0.01961 als steuerpflichtige reguläre Dividenden (qualifizierte REIT-Dividenden gemäß Abschnitt 199A) klassifiziert, während $0.01539 eine nicht steuerpflichtige Kapitalrückzahlung darstellt. Die Dividendenauszahlungen sind für den 12. Januar, den 15. April und den 15. Juli 2024 geplant, mit den entsprechenden Stichtagen am 29. Dezember 2023, 28. März 2024 und 28. Juni 2024.

Positive
  • Consistent quarterly dividend payments of $0.035 per share
  • 56% of dividend qualifies for tax treatment as REIT dividends under Section 199A
  • 44% of dividend classified as non-taxable return of capital, beneficial for tax purposes
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2024 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount’s dividends.

Common Shares (CUSIP #69924R108)

Record Date

 

Payable Date

 

Total Dividends Per Share

 

 

Total Dividends Allocable to 2024

 

 

2024 Taxable Ordinary Dividends (1)

 

 

Total Capital Gain Distribution

 

 

Total Section 1250 Unrecaptured Gain

 

 

2024 Non-taxable Dividend (Return of Capital)

 

12/29/2023

 

01/12/2024

 

$

0.035000

 

 

$

0.035000

 

 

$

0.019610

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.015390

 

03/28/2024

 

04/15/2024

 

 

0.035000

 

 

 

0.035000

 

 

 

0.019610

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.015390

 

06/28/2024

 

07/15/2024

 

 

0.035000

 

 

 

0.035000

 

 

 

0.019610

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.015390

 

Totals for 2024

 

$

0.105000

 

 

$

0.105000

 

 

$

0.058830

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.046170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) The amounts in this column are treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A.

 

About Paramount Group, Inc.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

Wilbur Paes

Chief Operating Officer,

Chief Financial Officer and Treasurer

212-237-3122

ir@pgre.com

Tom Hennessy

Vice President, Investor Relations and

Business Development

212-237-3138

ir@pgre.com

Media:

212-492-2285

pr@pgre.com

Source: Paramount Group, Inc.

FAQ

What is the total dividend amount PGRE will pay in 2024?

PGRE will pay a total of $0.105 per share in dividends for 2024, distributed across three quarterly payments of $0.035 each.

How much of PGRE's 2024 dividend is considered taxable?

$0.05883 per share of the total dividend is considered taxable ordinary dividends, qualifying as REIT dividends under Section 199A.

What portion of PGRE's 2024 dividend is return of capital?

$0.04617 per share of the total dividend is classified as non-taxable return of capital.

When are PGRE's dividend payment dates for 2024?

PGRE's dividends are payable on January 12, April 15, and July 15, 2024.

What are the record dates for PGRE's 2024 dividends?

The record dates are December 29, 2023, March 28, 2024, and June 28, 2024.

Paramount Group Inc

NYSE:PGRE

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