5 Biggest Dividend Cuts and Suspensions of 2023

3. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 39

Paramount Global (NASDAQ:PARA) is a global entertainment and media company that owns and operates a wide range of media networks, television production studios, streaming services, and other content-related businesses. In May this year, the company slashed its dividend by 79% to $0.05 per share. As of October 11, the stock has a dividend yield of 1.65%. It is among the companies that have announced recent dividend stocks.

At the end of the second quarter of 2023, 39 hedge funds in Insider Monkey’s database owned stakes in Paramount Global (NASDAQ:PARA), up from 34 in the previous quarter. The consolidated value of these stakes is roughly $2.2 billion.

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