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Paramount Increases Regular Quarterly Dividend by 10.7%
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Paramount Group, Inc. (NYSE: PGRE) has announced a quarterly cash dividend increase to $0.0775 per share, reflecting a 10.7% rise from the previous $0.07. The dividend is applicable for the period from January 1, 2022 to March 31, 2022, with a payment date of April 15, 2022. Stockholders must be recorded by the close of business on March 31, 2022. This move demonstrates the company's commitment to return value to its investors.
Positive
10.7% increase in quarterly cash dividend to $0.0775 per share.
Continued commitment to returning value to shareholders.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared an increased quarterly cash dividend of $0.0775 per share of common stock, representing a 10.7% increase over last quarter’s cash dividend of $0.07 per share of common stock. The quarterly cash dividend of $0.0775 per share of common stock is for the period from January 1, 2022 to March 31, 2022 and will be payable on April 15, 2022 to stockholders of record as of the close of business on March 31, 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.
