Paramount Skydance Corporation Declares Quarterly Dividend of $0.05 (NASDAQ:PSKY)

Paramount Skydance Corporation (NASDAQ:PSKY) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.05 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th.

Paramount Skydance has decreased its dividend payment by an average of 0.3%annually over the last three years.

Paramount Skydance Stock Down 0.5%

Shares of Paramount Skydance stock opened at $8.53 on Wednesday. The business has a 50-day moving average of $10.00 and a two-hundred day moving average of $10.60. Paramount Skydance has a 1 year low of $8.41 and a 1 year high of $20.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.10 and a quick ratio of 1.00. The company has a market capitalization of $9.55 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $7.35 billion during the quarter. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.During the same quarter last year, the company posted $0.22 EPS. As a group, equities analysts predict that Paramount Skydance will post 0.62 EPS for the current year.

About Paramount Skydance

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.