Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on March 8, 2024
February 07, 2024 at 04:00 pm EST
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Saga Communications, Inc. announced that its Board of Directors (?Board?) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 8, 2024, to shareholders of record on February 20, 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 $127 million in dividends to shareholders since the first special dividend was paid in 2012.
Saga Communications, Inc. is a broadcast company. The Company is primarily engaged in acquiring, developing, and operating broadcast properties. The Company owns approximately 79 frequency modulation (FM), 34 AM radio stations, and 80 metro signals serving over 27 markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Greenfield, Harrisonburg, Hilton Head Island, Ithaca, Jonesboro, Keene, Manchester, Mitchell, Norfolk, Ocala, Northampton, Portland, Spencer, Springfield, and Yankton. The radio stations that the Company owns and/or operates employ a variety of programming formats, including Classic Hits, Adult Hits, Top 40, Country, Country Legends, Mainstream/Hot/Soft Adult Contemporary, Pure Oldies, Classic Rock, and News/Talk. Its stations broadcast primarily in small to mid-size markets.
SAGA COMMUNICATIONS, INC. 
