Paramount Slashes Dividend To Conserve Cash, Preps Simon & Schuster Sale, Cites “Disciplined Approach” To Headcount As Stock Plunges 25%

In a dividend shocker this morning, Paramout Global said it’s slashing quarterly payouts to 5 cents, so 20 cents, annually — a major drop from about 24 cents a quarter or nearly a buck a year. It said the move would save it $500 million annually and that it’s important to conserve cash and pay…#paramoutglobal #bobbakish #cfonaveenchopra #wga #disney #bobiger #paramount #simonschuster #chopra #par

Source: Reuters: Health - May 4, 2023 Category: Consumer Health News Source Type: news