When screening for companies with higher dividend yields, it doesn't take long for Paramount Global (NASDAQ: PARA) to come up. Its attractive 5.1% payout might have this stock on investors' short lists.

And with Warren Buffett's Berkshire Hathaway (NYSE: BRK.B) owning 15% of the company, it is reassuring that one of the world's greatest investors is backing Paramount. But the stock has performed horribly, tumbling 44% from last year and down 80% from its all-time high (after a two-day spike in 2021).

Should you follow Buffett's lead and buy Paramount? Or is this stock on its last legs? 

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Source Fool.com