Paramount Global (PARAA) to Issue Quarterly Dividend of $0.05 on April 1st

Paramount Global (NASDAQ:PARAAGet Free Report) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, March 17th.

Paramount Global has decreased its dividend payment by an average of 40.7% per year over the last three years. Paramount Global has a dividend payout ratio of 11.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.2 %

PARAA stock opened at $22.65 on Friday. The business has a fifty day moving average price of $22.64 and a 200 day moving average price of $22.37. Paramount Global has a fifty-two week low of $16.59 and a fifty-two week high of $26.34. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of -2.76 and a beta of 1.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10.

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

About Paramount Global

(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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