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Stock impact report

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

Saga Communications, Inc. - Class A (SGA) 
NASDAQ:AMEX Investor Relations: ir.sagacom.com
Company Research Source: GlobeNewswire
GROSSE POINTE FARMS, Mich., May 22, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 28, 2024, to shareholders of record on June 3, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid approximately $132 million in dividends to shareholders since the first special dividend was paid in 2012. The Company currently intends to declare regular quarterly cash dividends as well as variable dividends in accordance with the terms of its variable dividend policy. As previously reported, our Board adopted a variable dividend policy for the allocation of available cash aligned with the goals of maint Show less Read more
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