Paramount Group, Inc. Reveals 2024 Dividend Tax Guidelines

Author: Olivia Taylor Updated: 01-21-2025 04:33 PM

Understanding Paramount Group's 2024 Dividend Tax Treatment

Paramount Group, Inc. (NYSE: PGRE), based in New York, has announced the tax treatment for its common stock dividends scheduled for 2024. This information is crucial for shareholders, as it helps them understand the potential tax implications of their dividends. The company encourages its shareholders to consult with their tax advisors to fully grasp the specifics tailored to their individual situations.

Key Dates for Dividend Distribution

For 2024, several important dates have been outlined regarding dividend record and payment:

Record Date

The record date is set for December 29, 2023, which is the date by which shareholders must be on record in order to receive the dividend payment.

Payable Date

The payable date for these dividends is January 12, 2024. Shareholders should mark this date as it is when the funds will be disbursed.

Details of the Dividend Payments

Common Shares (CUSIP #69924R108) will receive specific amounts as outlined:

Total Dividends Per Share

Each common share is set to receive a total dividend of $0.035000, which is an integral component of the overall distribution strategy of Paramount Group, Inc.

Allocations for 2024

In terms of the allocations for 2024, the dividends are categorized for taxation purposes:

2024 Taxable Ordinary Dividends: $0.019610
2024 Non-taxable Dividend (Return of Capital): $0.015390

Each of these figures plays a significant role in determining how shareholders will report these dividends on their tax returns.

Capital Gain Distributions

Capital gain distributions for the year are essential to understand as they influence the tax burden for investors:

Total Capital Gain Distribution: $0.000000
Total Section 1250 Unrecaptured Gain: $0.000000

It's vital for shareholders to take note of these figures as part of their broader financial strategy.

Paramount Group's Commitment to Shareholders

Paramount Group, Inc. is dedicated to enhancing shareholder value while providing transparency regarding its operational and financial decisions. The company strives to manage its high-quality Class A office properties efficiently within sought-after central business districts, primarily in New York City and San Francisco.

Maximizing Portfolio Value

To accomplish this, Paramount leverages its robust management capabilities to attract and retain high-quality tenants, thereby maximizing the rental income generated from its properties. This approach ensures the ongoing success of the company and its ability to provide returns to its shareholders.

Frequently Asked Questions

1. What is the record date for the 2024 dividends?

The record date for the 2024 dividends is December 29, 2023.

2. When will the dividend payments be made?

The dividends will be payable on January 12, 2024.

3. How much is the dividend per share?

Each common share will receive a total dividend of $0.035000 for 2024.

4. What are the taxable amounts for the dividends?

The 2024 taxable ordinary dividends are $0.019610, while the non-taxable dividend (return of capital) is $0.015390.

5. Why should shareholders consult tax advisors?

Shareholders should consult tax advisors to understand the specific tax ramifications of the dividends they receive, as personal tax situations can vary widely.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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