Paramount Global (NASDAQ:PARAP) Plans $1.44 Quarterly Dividend

Paramount Global (NASDAQ:PARAPGet Rating) declared a quarterly dividend on Friday, September 23rd, Wall Street Journal reports. Investors of record on Thursday, December 15th will be paid a dividend of 1.4375 per share on Tuesday, January 3rd. This represents a $5.75 annualized dividend and a dividend yield of 18.60%. The ex-dividend date is Wednesday, December 14th.

Paramount Global Stock Performance

PARAP traded down $1.43 during trading on Friday, reaching $30.92. The company had a trading volume of 245,317 shares, compared to its average volume of 65,298. Paramount Global has a 12 month low of $30.72 and a 12 month high of $67.00. The business’s fifty day moving average price is $38.84 and its 200 day moving average price is $44.35.

Paramount Global Company Profile

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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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