Paramount Global (NASDAQ:PARAA) Declares Quarterly Dividend of $0.24

Paramount Global (NASDAQ:PARAAGet Rating) announced a quarterly dividend on Wednesday, September 21st, Zacks reports. Investors of record on Thursday, December 15th will be paid a dividend of 0.24 per share on Tuesday, January 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Wednesday, December 14th.

Paramount Global Price Performance

Shares of NASDAQ PARAA opened at 23.40 on Friday. The business’s 50 day moving average price is 27.40 and its 200 day moving average price is 31.50. The firm has a market cap of $15.19 billion, a P/E ratio of 4.53 and a beta of 1.40. Paramount Global has a 52 week low of 23.40 and a 52 week high of 44.59. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 0.68.

Paramount Global (NASDAQ:PARAAGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported 0.64 earnings per share (EPS) for the quarter. Paramount Global had a return on equity of 6.73% and a net margin of 11.60%. The company had revenue of 7.78 billion during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Paramount Global stock. Captrust Financial Advisors bought a new position in shares of Paramount Global (NASDAQ:PARAAGet Rating) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,532 shares of the company’s stock, valued at approximately $42,000. 1.13% of the stock is owned by institutional investors and hedge funds.

About Paramount Global

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Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services.

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