Paramount Global (NASDAQ:PARAA) to Issue Quarterly Dividend of $0.05

Paramount Global (NASDAQ:PARAAGet Free Report) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.05 per share on Tuesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, March 17th.

Paramount Global has decreased its dividend by an average of 40.7% annually over the last three years. Paramount Global has a dividend payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Paramount Global to earn $3.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.7%.

Paramount Global Stock Down 0.2 %

NASDAQ:PARAA opened at $22.65 on Friday. Paramount Global has a 12-month low of $16.59 and a 12-month high of $26.34. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $15.11 billion, a P/E ratio of -2.76 and a beta of 1.57. The stock’s fifty day simple moving average is $22.64 and its 200-day simple moving average is $22.37.

Paramount Global (NASDAQ:PARAAGet Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.27). The business had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. Equities research analysts expect that Paramount Global will post 2.25 earnings per share for the current year.

Paramount Global Company Profile

(Get Free Report)

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.

See Also

Dividend History for Paramount Global (NASDAQ:PARAA)

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