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

Paramount Skydance Corporation (NASDAQ:PSKY) announced a quarterly dividend on Friday, April 17th. Investors of record on Monday, June 15th will be paid a dividend of 0.05 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th.

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

Paramount Skydance Price Performance

Shares of PSKY traded down $0.02 during trading hours on Friday, hitting $10.47. 4,756,531 shares of the stock were exchanged, compared to its average volume of 7,550,975. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. Paramount Skydance has a 12-month low of $8.61 and a 12-month high of $20.86. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The stock’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $11.50.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.The firm had revenue of $7.35 billion during the quarter. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Research analysts expect that Paramount Skydance will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at about $678,726,000. State Street Corp acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at about $524,371,000. Invesco Ltd. acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at about $288,551,000. Barclays PLC acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at about $258,196,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at about $186,674,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

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.