NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE:PGRE) (“Paramount”), today announced that its board of directors declared a regular quarterly cash dividend of $0.039 per share of common stock for the fourth quarter ended December 31, 2014. 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.
About Paramount Group, Inc.
Headquartered in New York City, Paramount is a fully-integrated real estate investment trust that owns, operates, and manages high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.