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

Paramount Global (NASDAQ:PARAAGet Free Report) announced a quarterly dividend on Wednesday, April 10th, Zacks reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.05 per share on Monday, July 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, June 17th.

Paramount Global has decreased its dividend by an average of 25.9% annually over the last three years. Paramount Global has a dividend payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Paramount Global to earn $1.83 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 10.9%.

Paramount Global Trading Down 4.3 %

NASDAQ:PARAA opened at 18.13 on Friday. Paramount Global has a one year low of 13.40 and a one year high of 26.34. The firm has a 50-day moving average of 21.69 and a 200-day moving average of 20.98. The company has a market cap of $11.83 billion, a PE ratio of -120.86 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.19.

Paramount Global (NASDAQ:PARAAGet Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported 0.62 EPS for the quarter, beating the consensus estimate of 0.25 by 0.37. Paramount Global had a negative net margin of 0.15% and a positive return on equity of 3.35%. The business had revenue of 7.69 billion during the quarter, compared to analyst estimates of 7.85 billion. As a group, equities research analysts expect that Paramount Global will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Seaport Res Ptn downgraded shares of Paramount Global from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd.

Check Out Our Latest Stock Analysis on PARAA

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.

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Dividend History for Paramount Global (NASDAQ:PARAA)

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