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

Paramount Skydance Corporation (NASDAQ:PSKY) declared a quarterly dividend on Monday, December 8th, NASDAQ Dividends reports. Shareholders of record on Thursday, December 18th will be given a dividend of 0.05 per share on Friday, January 2nd. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 18th.

Paramount Skydance has decreased its dividend payment by an average of 0.2%annually over the last three years.

Paramount Skydance Price Performance

Shares of PSKY stock traded up $0.08 during mid-day trading on Wednesday, hitting $14.72. 14,619,960 shares of the stock traded hands, compared to its average volume of 10,744,421. Paramount Skydance has a 52-week low of $9.95 and a 52-week high of $20.86. The stock has a market capitalization of $15.77 billion, a PE ratio of -490.50 and a beta of 1.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The stock’s fifty day moving average price is $16.13.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue was up 0% on a year-over-year basis.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America upped their target price on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Tuesday, November 11th. UBS Group raised their price target on shares of Paramount Skydance from $10.00 to $12.00 and gave the stock a “sell” rating in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Guggenheim restated a “neutral” rating and set a $16.00 target price on shares of Paramount Skydance in a research report on Wednesday, November 12th. Finally, Benchmark lifted their price objective on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $14.09.

About Paramount Skydance

Paramount Global is a media and entertainment company which creates premium content and experiences for audiences. The company’s portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount , Pluto TV and Simon & Schuster, among others.