Paramount Global (NASDAQ:PARAP – Get Rating)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $25.25 and last traded at $25.28, with a volume of 388 shares trading hands. The stock had previously closed at $25.51.
Paramount Global Stock Down 0.4 %
The business's fifty day moving average price is $29.29 and its 200 day moving average price is $35.36.
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Paramount Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be given a dividend of $1.4375 per share. The ex-dividend date is Wednesday, December 14th. This represents a $5.75 annualized dividend and a yield of 22.62%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new stake in shares of Paramount Global in the third quarter valued at approximately $31,000. Signaturefd LLC acquired a new stake in shares of Paramount Global in the third quarter valued at approximately $62,000. UBS Group AG acquired a new stake in shares of Paramount Global in the third quarter valued at approximately $62,000. Royal Bank of Canada acquired a new stake in shares of Paramount Global in the third quarter valued at approximately $75,000. Finally, Raymond James & Associates acquired a new stake in shares of Paramount Global in the third quarter valued at approximately $209,000.
Paramount Global Company Profile
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Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.
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