Paramount Group (PGRE) will start paying a quarterly dividend of 9.5 cents per share.


A regular quarterly cash dividend of $0.039 per share of common stock for the fourth quarter ended December 31, 2014 was declared by Paramount. The dividend will be payable March 27, 2015 to stockholders of record as of the close of business on March 11, 2015. The dividend reflects the 38 days during the quarter ended December 31, 2014 after which Paramount’s initial public offering and related formation transactions were completed based on $0.095 per share for a full quarter.

Paramount also today announced that its board of directors declared a regular quarterly cash dividend of $0.095 per share of common stock for the first quarter ending March 31, 2015. The dividend will be payable March 30, 2015 to stockholders of record as of the close of business on March 12, 2015.

Source: Paramount