Saga Communications (SGA) Declares $2.00 Special Dividend; 9.8% Yield

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Saga Communications, Inc. Declares a Special Cash Dividend of $2.00 per Share

December 7, 2023 4:55 PM EST

GROSSE POINTE FARMS, Mich., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the Company, Saga or our) today announced that its Board of Directors (Board) declared a special cash dividend of $2.00 per share. The dividend will be paid on January 12, 2024, to shareholders of record on December 20, 2023. The aggregate amount of the payment to be made in connection with the special dividend will be approximately $12.5 million. The special cash dividend will be funded by cash on the Companys balance sheet and is in line with the Boards goal of reducing our ongoing cash and short-term investment balances to... More