Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share
Saga Communications (SGA) has announced a quarterly cash dividend of $0.25 per share, payable on March 7, 2025, to shareholders of record as of February 18, 2025. The total dividend payment will amount to approximately $1.6 million and will be funded from the company's cash reserves.
Since initiating dividend payments in 2012, Saga has distributed approximately $137 million in dividends to shareholders. The company's Board has adopted a variable dividend policy focused on maintaining a strong balance sheet, increasing shareholder returns, and pursuing strategic acquisitions. The policy allows for regular quarterly dividends, variable dividends, special dividends, and potential stock buybacks.
Saga currently operates in 28 markets, managing 82 FM and 32 AM radio stations, along with 79 metro signals.
Saga Communications (SGA) ha annunciato un dividendo in contante trimestrale di $0,25 per azione, che sarà pagato il 7 marzo 2025, agli azionisti registrati al 18 febbraio 2025. Il pagamento totale del dividendo ammonterà a circa $1,6 milioni e sarà finanziato con le riserve di cassa dell'azienda.
Da quando ha iniziato i pagamenti dei dividendi nel 2012, Saga ha distribuito circa $137 milioni in dividendi agli azionisti. Il Consiglio dell'azienda ha adottato una politica di dividendi variabile focalizzata sul mantenimento di un forte bilancio, sull'aumento dei ritorni per gli azionisti e sulla ricerca di acquisizioni strategiche. La politica consente dividendi regolari trimestrali, dividendi variabili, dividendi speciali e potenziali riacquisti di azioni.
Saga attualmente opera in 28 mercati, gestendo 82 stazioni radio FM e 32 AM, insieme a 79 segnali metropolitani.
Saga Communications (SGA) ha anunciado un dividendo en efectivo trimestral de $0,25 por acción, que será pagadero el 7 de marzo de 2025, a los accionistas que estén registrados a partir del 18 de febrero de 2025. El pago total del dividendo ascenderá a aproximadamente $1,6 millones y se financiará con las reservas de efectivo de la empresa.
Desde que comenzó a pagar dividendos en 2012, Saga ha distribuido aproximadamente $137 millones en dividendos a los accionistas. La Junta de la empresa ha adoptado una política de dividendos variable centrada en mantener un balance sólido, aumentar los retornos a los accionistas y buscar adquisiciones estratégicas. La política permite dividendos trimestrales regulares, dividendos variables, dividendos especiales y posibles recompras de acciones.
Saga opera actualmente en 28 mercados, gestionando 82 estaciones de radio FM y 32 AM, junto con 79 señales metropolitanas.
사가 커뮤니케이션즈 (SGA)는 주당 $0.25의 분기 현금 배당금을 발표했으며, 2025년 3월 7일에 2025년 2월 18일 기준 주주에게 지급됩니다. 총 배당금 지급액은 약 $1.6 백만에 이를 것이며 회사의 현금 준비금에서 자금을 조달할 것입니다.
2012년 배당금을 시작한 이래로, 사가는 주주에게 약 $137 백만의 배당금을 분배하였습니다. 회사의 이사회는 강력한 재무 구조 유지, 주주 수익 증가 및 전략적 인수 추구에 초점을 맞춘 변동 배당 정책을 채택했습니다. 이 정책은 정기적인 분기 배당금, 변동 배당금, 특별 배당금 및 잠재적인 자사주 매입을 허용합니다.
사가 현재 28개 시장에서 운영되고 있으며, 82개의 FM 및 32개의 AM 라디오 스테이션과 79개의 메트로 신호를 관리하고 있습니다.
Saga Communications (SGA) a annoncé un dividende en espèces trimestriel de 0,25 $ par action, payable le 7 mars 2025, aux actionnaires inscrits au 18 février 2025. Le paiement total du dividende s'élèvera à environ 1,6 million $ et sera financé par les réserves de trésorerie de l'entreprise.
Depuis le début des paiements de dividendes en 2012, Saga a distribué environ 137 millions $ en dividendes à ses actionnaires. Le conseil d'administration de l'entreprise a adopté une politique de dividende variable axée sur le maintien d'un bilan solide, l'augmentation des rendements pour les actionnaires et la recherche d'acquisitions stratégiques. La politique permet des dividendes trimestriels réguliers, des dividendes variables, des dividendes exceptionnels et des rachats d'actions potentiels.
Saga opère actuellement sur 28 marchés, gérant 82 stations de radio FM et 32 AM, ainsi que 79 signaux métropolitains.
Saga Communications (SGA) hat eine vierteljährliche Bardividende von 0,25 USD pro Aktie angekündigt, die am 7. März 2025 an die zum 18. Februar 2025 registrierten Aktionäre ausgezahlt wird. Die gesamte Dividendenzahlung wird sich auf etwa 1,6 Millionen USD belaufen und wird aus den Barreserven des Unternehmens finanziert.
Seit der Einführung der Dividendenzahlungen im Jahr 2012 hat Saga insgesamt etwa 137 Millionen USD an Dividenden an die Aktionäre ausgeschüttet. Der Vorstand des Unternehmens hat eine variable Dividendenpolitik angenommen, die darauf abzielt, eine starke Bilanz aufrechtzuerhalten, die Renditen für die Aktionäre zu erhöhen und strategische Akquisitionen zu verfolgen. Diese Politik ermöglicht regelmäßige quartalsweise Dividenden, variable Dividenden, Sonderdividenden und mögliche Aktienrückkäufe.
Saga ist derzeit in 28 Märkten tätig und betreibt 82 FM- und 32 AM-Radiostationen sowie 79 Metrosignale.
- Consistent dividend payment maintained at $0.25 per share
- Strong cash position enabling dividend payments from balance sheet
- Significant historical dividend distribution of $137 million since 2012
- Flexible capital return policy including regular, variable, and special dividends
- None.
GROSSE POINTE FARMS, Mich., Feb. 05, 2025 (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
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 maintaining a strong balance sheet, increasing cash returns to shareholders, and continuing to grow the Company through strategic acquisitions. The Company may also declare special dividends and implement stock buybacks in future periods. The declaration and payment of any future dividend, whether fixed, special, or based on the variable policy, or the implementation of any stock buyback program will remain at the full discretion of the Board and will depend on the Company’s financial results, cash requirements, future expectations, and other pertinent factors.
Saga is a media company whose business is devoted to acquiring, developing and operating broadcast properties with a growing focus on opportunities complimentary to our core radio business including digital, e-commerce and non-traditional revenue initiatives. Saga owns or operates broadcast properties in 28 markets, including 82 FM and 32 AM radio stations and 79 metro signals. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com.
This press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that are based upon current expectations and involve certain risks and uncertainties. Words such as “will,” “may,” “believes,” “intends,” “expects,” “anticipates,” “guidance,” and similar expressions are intended to identify forward-looking statements. The material risks facing our business are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including, in particular, Item 1A of our Annual Report on Form 10-K. Readers should note that forward-looking statements may be impacted by several factors, including global, national, and local economic changes and changes in the radio broadcast industry in general as well as Saga’s actual performance. Actual results may vary materially from those described herein and Saga undertakes no obligation to update any information contained herein that constitutes a forward-looking statement.
Contact:
Samuel D. Bush
(313) 886-7070
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