Paramount Declares Regular Quarterly Dividend

Rhea-AI Summary

Paramount Group, Inc. (NYSE: PGRE) has declared a quarterly cash dividend of $0.0775 per share for Q4 2022. The dividend, for the period from October 1, 2022 to December 31, 2022, will be payable on January 13, 2023. Stockholders of record as of December 30, 2022 will receive this payment. Paramount is a real estate investment trust focusing on prime office properties in New York City and San Francisco, aiming to enhance portfolio value through strategic management and location advantages.

Positive

• Quarterly cash dividend of $0.0775 per share announced for Q4 2022.
• Dividend payment on January 13, 2023, demonstrating commitment to shareholder returns.

Negative

• None.

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 $0.0775 per share of common stock for the period from October 1, 2022 to December 31, 2022. The dividend will be payable on January 13, 2023, to stockholders of record as of the close of business on December 30, 2022.

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/20221215005015/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 dividend amount declared by Paramount Group for Q4 2022?

Paramount Group has declared a dividend amount of $0.0775 per share for Q4 2022.

When will the dividend be paid to stockholders of Paramount Group?

The dividend will be paid on January 13, 2023.

What is the record date for the Paramount Group dividend?

The record date for the dividend is December 30, 2022.

What period does the declared dividend for Paramount Group cover?

The declared dividend covers the period from October 1, 2022, to December 31, 2022.