NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE:PGRE) (“Paramount”) announced today that its board of directors has increased the Company’s quarterly cash dividend on its common stock by 5.3%, resulting in a new annual dividend of $0.40 per share. Accordingly, the board of directors has declared a regular quarterly cash dividend of $0.10 per share of common stock for the period from January 1, 2018 to March 31, 2018. The dividend will be payable on April 13, 2018 to stockholders of record as of the close of business on March 29, 2018.
About Paramount Group, Inc.
Headquartered in New York City, Paramount is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops 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.