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Saga Communications announces dividend of USD0.30 per share for quarter.

M2 EQUITYBITES-February 27, 2019-Saga Communications announces dividend of USD0.30 per share for quarter


The board of directors of Saga Communications Inc (Nasdaq:SGA) authorised a cash dividend of USD0.30 per share, the company revealed on Tuesday.

This dividend will be paid on 29 March 2019 to shareholders of record date on 12 March 2019.

Also, the company mentioned that total payment amount will be about USD1.8m and the quarterly cash dividend will be financed by cash on its balance sheet. Together with this dividend, it will have paid USD64.0m in dividends to shareholders since the first special dividend was paid in 2012.

A broadcasting company, Saga acquires, develops and operates broadcast properties. It owns or operates broadcast properties in 27 markets in the US, including 79 FM, 34 AM radio stations and 76 metro signals.

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Publication:M2 EquityBites (EQB)
Date:Feb 27, 2019
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