Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Paramount Suspends Regular Quarterly Dividend By: Paramount Group, Inc. via Business Wire September 13, 2024 at 08:00 AM EDT Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors suspended the Company’s regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income. Albert Behler, Chairman, Chief Executive Officer and President of Paramount commented, “The decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility.” About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. View source version on businesswire.com: https://www.businesswire.com/news/home/20240913014572/en/Contacts Wilbur Paes Chief Operating Officer, Chief Financial Officer and Treasurer 212-237-3122 ir@pgre.com Tom Hennessy Vice President, Investor Relations and Business Development 212-237-3138 ir@pgre.com Media: 212-492-2285 pr@pgre.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Paramount Suspends Regular Quarterly Dividend By: Paramount Group, Inc. via Business Wire September 13, 2024 at 08:00 AM EDT Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors suspended the Company’s regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income. Albert Behler, Chairman, Chief Executive Officer and President of Paramount commented, “The decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility.” About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. View source version on businesswire.com: https://www.businesswire.com/news/home/20240913014572/en/Contacts Wilbur Paes Chief Operating Officer, Chief Financial Officer and Treasurer 212-237-3122 ir@pgre.com Tom Hennessy Vice President, Investor Relations and Business Development 212-237-3138 ir@pgre.com Media: 212-492-2285 pr@pgre.com
Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors suspended the Company’s regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income. Albert Behler, Chairman, Chief Executive Officer and President of Paramount commented, “The decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility.” About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. View source version on businesswire.com: https://www.businesswire.com/news/home/20240913014572/en/
Wilbur Paes Chief Operating Officer, Chief Financial Officer and Treasurer 212-237-3122 ir@pgre.com Tom Hennessy Vice President, Investor Relations and Business Development 212-237-3138 ir@pgre.com Media: 212-492-2285 pr@pgre.com