Paramount Global (PARAA) To Go Ex-Dividend on December 16th

Paramount Global (NASDAQ:PARAA) announced a quarterly dividend on Wednesday, September 25th, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.05 per share on Thursday, January 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, December 16th.

Paramount Global has decreased its dividend by an average of 25.9% annually over the last three years. Paramount Global has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Paramount Global to earn $2.48 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 8.1%.

Paramount Global Stock Up 0.2 %

PARAA stock opened at $21.79 on Friday. The company has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $21.61. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.15 and a current ratio of 1.30. The stock has a market capitalization of $14.22 billion, a P/E ratio of -145.27 and a beta of 1.66. Paramount Global has a one year low of $13.40 and a one year high of $26.34.

Paramount Global (NASDAQ:PARAA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.18 by $0.36. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.55 billion. Paramount Global had a positive return on equity of 4.88% and a negative net margin of 17.62%. As a group, sell-side analysts expect that Paramount Global will post 1.91 EPS for the current year.

About Paramount Global

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.