Thursday, 4 May 2023

Short sellers reap from losses in PacWest, two other bank stocks

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Paramount Global Inc. will slash its quarterly dividend to 5 cents a share from 24 cents a share, the media giant announced Thursday.

This "updated dividend policy…will further enhance our ability to deliver long-term value for our shareholders as we move toward streaming profitability," Chief Executive Bob Bakish said in a release.







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