Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share
Saga Communications (Nasdaq: SGA) has announced a quarterly cash dividend of $0.25 per share, payable on October 18, 2024, to shareholders of record on September 25, 2024. The total payout will be approximately $1.6 million, funded by the company's cash reserves. This dividend continues Saga's commitment to shareholder returns, having paid about $134 million in dividends since 2012.
The company has adopted a variable dividend policy to balance maintaining a strong balance sheet, increasing cash returns to shareholders, and pursuing strategic acquisitions. Saga operates 82 FM and 32 AM radio stations across 28 markets, with a growing focus on digital and non-traditional revenue initiatives.
Saga Communications (Nasdaq: SGA) ha annunciato un dividendo in contante trimestrale di $0,25 per azione, che sarà pagato il 18 ottobre 2024, agli azionisti registrati il 25 settembre 2024. L'importo totale del pagamento sarà di circa $1,6 milioni, finanziato dalle riserve di cassa della società. Questo dividendo conferma l'impegno di Saga nei confronti dei ritorni per gli azionisti, avendo distribuito circa $134 milioni in dividendi dal 2012.
La società ha adottato una politica di dividendo variabile per equilibrare il mantenimento di un solido bilancio, l'aumento dei ritorni in contante per gli azionisti e la ricerca di acquisizioni strategiche. Saga gestisce 82 stazioni radio FM e 32 AM in 28 mercati, con un growing focus su iniziative di ricavi digitali e non tradizionali.
Saga Communications (Nasdaq: SGA) ha anunciado un dividendo en efectivo trimestral de $0.25 por acción, que se pagará el 18 de octubre de 2024, a los accionistas registrados el 25 de septiembre de 2024. El pago total será de aproximadamente $1.6 millones, financiado por las reservas de efectivo de la empresa. Este dividendo continúa el compromiso de Saga con los retornos a los accionistas, habiendo pagado aproximadamente $134 millones en dividendos desde 2012.
La empresa ha adoptado una política de dividendos variable para equilibrar el mantenimiento de un sólido balance, aumentar los retornos en efectivo para los accionistas y buscar adquisiciones estratégicas. Saga opera 82 estaciones de radio FM y 32 AM en 28 mercados, con un enfoque creciente en iniciativas de ingresos digitales y no tradicionales.
Saga Communications (Nasdaq: SGA)는 주당 $0.25의 분기 현금 배당금을 발표하며, 2024년 10월 18일에 주주에게 지급할 예정입니다. 지급 대상 주주는 2024년 9월 25일 기준으로 등록된 주주입니다. 총 지급액은 약 $1.6백만으로, 회사의 현금 잉여금으로 충당됩니다. 이번 배당금은 2012년부터 약 $134백만의 배당금 지급을 기록하며, 주주 환원에 대한 Saga의 의지를 계속 이어가고 있습니다.
회사는 강력한 재무 상태를 유지하고, 주주에게 더 많은 현금 반환을 증가시키며, 전략적 인수를 추구하기 위해 변동 배당 정책을 채택했습니다. Saga는 28개 시장에서 82개의 FM 라디오 방송국과 32개의 AM 방송국을 운영하며, 디지털 및 비전통적인 수익 이니셔티브에 더욱 집중하고 있습니다.
Saga Communications (Nasdaq: SGA) a annoncé un dividende en espèces trimestriel de 0,25 $ par action, payable le 18 octobre 2024, aux actionnaires enregistrés au 25 septembre 2024. Le paiement total s'élèvera à environ 1,6 million de dollars, financé par les réserves de liquidités de l'entreprise. Ce dividende témoigne de l'engagement de Saga envers les rendements des actionnaires, ayant versé environ 134 millions de dollars en dividendes depuis 2012.
La société a adopté une politique de dividende variable pour équilibrer le maintien d'un bilan solide, l'augmentation des retours en espèces pour les actionnaires et la poursuite d'acquisitions stratégiques. Saga exploite 82 stations de radio FM et 32 AM dans 28 marchés, avec un accent croissant sur les initiatives de revenus numériques et non traditionnels.
Saga Communications (Nasdaq: SGA) hat eine vierteljährliche Bardividende von $0,25 pro Aktie angekündigt, die am 18. Oktober 2024 an die Aktionäre ausgeschüttet wird, die am 25. September 2024 registriert sind. Die Gesamtauszahlung wird etwa $1,6 Millionen betragen und aus den liquiden Mitteln des Unternehmens finanziert. Diese Dividende setzt das Engagement von Saga für die Renditen der Aktionäre fort, da seit 2012 etwa $134 Millionen an Dividenden ausgezahlt wurden.
Das Unternehmen hat eine variable Dividendenpolitik übernommen, um eine starke Bilanz aufrechtzuerhalten, die Bar-Renditen für die Aktionäre zu steigern und strategische Akquisitionen zu verfolgen. Saga betreibt 82 FM- und 32 AM-Radiostationen in 28 Märkten und legt zunehmend Wert auf digitale und nicht-traditionelle Einnahmequellen.
- Consistent quarterly dividend of $0.25 per share
- Total dividend payout of approximately $1.6 million
- Strong cash position allowing dividend payments from balance sheet
- Cumulative dividend payments of $134 million since 2012
- Adoption of a variable dividend policy for flexible shareholder returns
- Diversified portfolio of 114 radio stations across 28 markets
- None.
GROSSE POINTE FARMS, Mich., Sept. 11, 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
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
This press release was published by a CLEAR® Verified individual.
FAQ
What is the amount of Saga Communications' (SGA) quarterly dividend for 2024?
When will Saga Communications (SGA) pay its next dividend?
How much has Saga Communications (SGA) paid in total dividends since 2012?
What is Saga Communications' (SGA) new dividend policy?
How many radio stations does Saga Communications (SGA) own or operate?
