Paramount Skydance Corporation (PSKY) To Go Ex-Dividend on March 16th

Paramount Skydance Corporation (NASDAQ:PSKY) announced a quarterly dividend on Wednesday, January 28th, NASDAQ Dividends reports. Stockholders of record on Monday, March 16th will be paid a dividend of 0.05 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 16th.

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

Paramount Skydance Price Performance

Shares of PSKY stock traded down $0.08 during trading on Friday, hitting $9.72. The company had a trading volume of 16,601,903 shares, compared to its average volume of 16,684,488. The stock’s 50-day moving average is $11.34 and its two-hundred day moving average is $14.32. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.41 and a beta of 1.15. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03. Paramount Skydance has a 52 week low of $9.54 and a 52 week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $999.02. The business had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Hedge Funds Weigh In On Paramount Skydance

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSKY. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Paramount Skydance by 0.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock worth $1,886,000 after buying an additional 900 shares during the last quarter. CWM LLC grew its holdings in shares of Paramount Skydance by 20.3% during the fourth quarter. CWM LLC now owns 5,759 shares of the company’s stock valued at $77,000 after buying an additional 970 shares during the last quarter. Mather Group LLC. increased its position in shares of Paramount Skydance by 6.3% during the fourth quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock valued at $230,000 after acquiring an additional 1,009 shares in the last quarter. LSV Asset Management raised its holdings in Paramount Skydance by 0.6% in the 4th quarter. LSV Asset Management now owns 188,868 shares of the company’s stock worth $2,531,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Paramount Skydance by 108.2% in the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares during the last quarter. 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.