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NEW YORK - Paramount Global (NASDAQ: PARA, PARAA) has announced the issuance of a quarterly cash dividend of $0.05 for each share of its Class A and Class B Common Stock, maintaining its 20-year streak of consistent dividend payments. The current annual dividend yield stands at 1.67%. This declaration was made by the company’s Board of Directors today, with the dividend set to be paid on July 1, 2025. Stockholders on record by the close of business on June 16, 2025, will be eligible for the dividend. According to InvestingPro analysis, the company is currently trading near its 52-week high of $12.67.
Paramount Global operates as a prominent player in the media, streaming, and entertainment industry, recognized for producing premium content and experiences across the globe. With a market capitalization of $8.06 billion and annual revenue of $28.72 billion, the company’s influential brands include CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV. It possesses one of the largest libraries of television and film titles in the industry and provides a range of services from streaming and digital video products to production, distribution, and advertising solutions. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.
The dividend announcement is part of the company’s ongoing efforts to deliver value to its shareholders and reflects its commitment to maintaining a regular dividend policy. This financial decision is based on the company’s performance and strategic priorities, aiming to balance investment in growth with returning capital to shareholders.
The information regarding the dividend and the company’s portfolio was confirmed through a press release statement from Paramount Global. No further details regarding the company’s financial performance or future dividend policies were disclosed in the statement.
In other recent news, Paramount Global reported impressive financial results for the first quarter of 2025. The company’s earnings per share (EPS) came in at $0.29, surpassing the projected $0.27, while revenue reached $7.19 billion, exceeding the forecast of $7.12 billion. Paramount+ continued its growth trajectory, expanding to 79 million subscribers globally, marking an 11% increase from the previous year. The company also reported a 9% year-over-year growth in direct-to-consumer revenue, reaching $2 billion. Analysts from Wells Fargo and Morgan Stanley have noted the company’s robust performance and strategic focus on profitability. Additionally, Paramount Global is optimistic about closing a pending transaction with Skydance in the first half of 2025. Despite challenges in digital advertising and the decline in pay TV subscribers, the company remains focused on strategic partnerships and content investments. Paramount Global’s management expressed confidence in achieving domestic profitability for Paramount+ by 2025.
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