paramount global shares are on pace for their largest singleday percentage decline in more than two years after reporting a firstquarter loss and slashing its dividend for the first time in more than a decade the stock fell 26 to 1684 on thursday and is the worst performer in the sp 500 the last time the stock fell this much was when it declined more than 27 on march 26 2021 the new yorkbased media company swung to a loss of 112 billion or 174 a share compared with earnings of 433 million or 65 cents a share in the same period last year the results were weighed down by nearly 17 billion in charges tied to its plan to remove certain programming as it combines its showtime streaming service with its paramount platform the company cut its quarterly dividend to 5 cents a share down from the 24 cents a share that it declared in march