Paramount Declares Regular Quarterly Dividend

Rhea-AI Summary

Paramount Group (NYSE: PGRE) announced the declaration of a regular quarterly cash dividend of $0.035 per share for the period from April 1, 2024, to June 30, 2024. This dividend will be payable on July 15, 2024, to shareholders who are recorded as of June 28, 2024. This consistent dividend distribution reflects Paramount's commitment to providing shareholder value.

Positive

• Regular quarterly cash dividend of $0.035 per share declared.
• Dividend reflects continuity in shareholder returns.
• Dividend payment date set for July 15, 2024.
• Record date for shareholders established as June 28, 2024.

Negative

• Dividend amount of $0.035 per share may be considered low by some investors.
• No mention of revenue growth or profitability improvements in the announcement.

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 15, 2024, to stockholders of record as of the close of business on June 28, 2024.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240614072145/en/

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 quarterly dividend declared by Paramount Group for Q2 2024?

Paramount Group declared a quarterly cash dividend of $0.035 per share for Q2 2024.

When is the dividend payment date for Paramount Group's Q2 2024 dividend?

The dividend payment date for Q2 2024 is July 15, 2024.

What is the record date for Paramount Group's Q2 2024 dividend?

The record date for the Q2 2024 dividend is June 28, 2024.

How much is the dividend per share declared by Paramount Group for Q2 2024?

Paramount Group declared a dividend of $0.035 per share for Q2 2024.