The payment of future dividends is subject to change depending upon, among other things, the Company’s free cash flow, operating results, capital requirements and financial position.
Paramount’s Board of Directors approved a 25% increase in the Company’s regular monthly dividend from $0.10 to $0.125 per Common Share. The first increased dividend will be payable on November 30, 2022 to shareholders of record on November 15, 2022. The dividend will be designated as an “eligible dividend” for Canadian income tax purposes.
