Paramount Global (NASDAQ:PARAA – Get 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 Company Profile
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
- Five stocks we like better than Paramount Global
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What is the S&P 500 and How It is Distinct from Other Indexes
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
- About the Markup Calculator
- Why Costco Stock Is Poised to Hit $1,000 Again Soon
Receive News & Ratings for Paramount Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Global and related companies with MarketBeat.com's FREE daily email newsletter.