Paramount Group, Inc. has declared a reduced quarterly cash dividend of $0.035 per share of common stock
Paramount Group, Inc. (PGRE) has recently made an announcement regarding a reduction in its quarterly cash dividend. The decision was made by the company's board of directors in an effort to enhance Paramount's financial position and retain additional cash.
Paramount Group, Inc. has declared a reduced quarterly cash dividend of $0.035 per share of common stock, which reflects a new indicated annual rate of $0.14 per share. The dividend covers the period from April 1, 2023, to June 30, 2023. Shareholders of record as of June 30, 2023, will be eligible to receive the dividend, which will be paid on July 14, 2023.
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