PARA shares have been suffering from lower top-line growth. However, a strong Paramount+ content portfolio shows promise for investors.
Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on January 2, 2025, to stockholders of record at the close of business on December 16, 2024.
Paramount Global is now going through Phase 2 of its planned layoffs, which started in August. After Tuesday, 90% of the layoffs will be finished.