Saga Communications has declared a quarterly cash dividend of $0.25 per share, payable on June 27, 2025, to shareholders of record on June 6, 2025. The total dividend payment will amount to approximately $1.6 million, funded from the company's cash reserves. Since 2012, Saga has distributed over $138 million in dividends. The company plans to continue regular quarterly dividends and has announced intentions to implement stock buybacks in 2025, potentially funded by proceeds from non-core asset sales. Saga operates in 28 markets, owning 82 FM stations, 31 AM stations, and 79 metro signals, focusing on broadcast properties and digital initiatives.
Saga Communications ha dichiarato un dividendo trimestrale in contanti di 0,25 dollari per azione, pagabile il 27 giugno 2025 agli azionisti registrati al 6 giugno 2025. Il pagamento totale del dividendo ammonterà a circa 1,6 milioni di dollari, finanziato dalle riserve liquide dell'azienda. Dal 2012, Saga ha distribuito oltre 138 milioni di dollari in dividendi. La società prevede di continuare con dividendi trimestrali regolari e ha annunciato l'intenzione di avviare riacquisti di azioni nel 2025, potenzialmente finanziati dai proventi della vendita di asset non strategici. Saga opera in 28 mercati, possedendo 82 stazioni FM, 31 AM e 79 segnali metropolitani, concentrandosi su proprietà broadcast e iniziative digitali.
Saga Communications ha declarado un dividendo trimestral en efectivo de 0,25 dólares por acción, pagadero el 27 de junio de 2025 a los accionistas registrados al 6 de junio de 2025. El pago total del dividendo será de aproximadamente 1,6 millones de dólares, financiado con las reservas de efectivo de la compañía. Desde 2012, Saga ha distribuido más de 138 millones de dólares en dividendos. La empresa planea continuar con dividendos trimestrales regulares y ha anunciado su intención de implementar recompras de acciones en 2025, posiblemente financiadas con ingresos de la venta de activos no estratégicos. Saga opera en 28 mercados, posee 82 estaciones FM, 31 AM y 79 señales metropolitanas, enfocándose en propiedades de radiodifusión e iniciativas digitales.
Saga Communications� 주당 0.25달러� 분기� 현금 배당�� 선언했으�, 2025� 6� 6� 기준 주주에게 2025� 6� 27일에 지급될 예정입니�. � 배당금은 � 160� 달러� 회사� 현금 보유액에� 조달됩니�. 2012� 이후 Saga� 1� 3,800� 달러 이상� 배당금을 분배해왔습니�. 회사� 정기적인 분기 배당� 계속� 계획이며, 2025년에 비핵� 자산 매각 수익� 활용� 자사� 매입� 추진� 예정임을 발표했습니다. Saga� 28� 시장에서 82개의 FM 방송�, 31개의 AM 방송�, 79개의 대도시 신호� 운영하며 방송 자산� 디지� 사업� 주력하고 있습니다.
Saga Communications a déclaré un dividende trimestriel en espèces de 0,25 $ par action, payable le 27 juin 2025 aux actionnaires inscrits au 6 juin 2025. Le montant total du dividende s'élèvera à environ 1,6 million de dollars, financé à partir des réserves de trésorerie de la société. Depuis 2012, Saga a distribué plus de 138 millions de dollars en dividendes. La société prévoit de poursuivre les dividendes trimestriels réguliers et a annoncé son intention de mettre en œuvre des rachats d'actions en 2025, potentiellement financés par les produits de la vente d'actifs non stratégiques. Saga opère sur 28 marchés, possédant 82 stations FM, 31 stations AM et 79 signaux métropolitains, en se concentrant sur les propriétés de diffusion et les initiatives numériques.
Saga Communications hat eine vierteljährliche Bardividende von 0,25 USD je Aktie angekündigt, zahlbar am 27. Juni 2025 an die am 6. Juni 2025 eingetragenen Aktionäre. Die gesamte Dividendenausschüttung wird etwa 1,6 Millionen USD betragen und aus den liquiden Mitteln des Unternehmens finanziert. Seit 2012 hat Saga über 138 Millionen USD an Dividenden ausgeschüttet. Das Unternehmen plant, regelmäßige vierteljährliche Dividenden fortzusetzen und hat angekündigt, 2025 Aktienrückkäufe durchzuführen, die möglicherweise aus Erlösen des Verkaufs von nicht zum Kerngeschäft gehörenden Vermögenswerten finanziert werden. Saga ist in 28 Märkten tätig, besitzt 82 FM-Sender, 31 AM-Sender und 79 Metrosignale und konzentriert sich auf Rundfunkimmobilien und digitale Initiativen.
Positive
Regular quarterly dividend of $0.25 per share maintained
Strong dividend history with over $138 million paid since 2012
Plans for stock buybacks announced for 2025
Potential sale of non-core assets to fund shareholder returns
Solid cash position enabling dividend payments from balance sheet
Negative
Dividend payment will reduce cash reserves by $1.6 million
Future dividends and buybacks subject to Board discretion and financial conditions
GROSSE POINTE FARMS, Mich., May 27, 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 $0.25 per share. The dividend will be paid on June 27, 2025, to shareholders of record on June 6, 2025. 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 over $138 million in dividends to shareholders since the first special dividend was paid in 2012.
The Company currently intends to declare regular quarterly cash dividends in the future. Further, as part of its overall capital allocation plan for fiscal year 2025, Saga has announced it intends to use a portion of the proceeds from the potential sale of non-core assets to fund stock buybacks, which may include open market repurchases, block trades or other forms of buybacks. 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 31 AM radio stations and 79 metro signals. For additional information, contact us at (313) 886-7070 or visit our website at .
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
FAQ
What is SGA's latest quarterly dividend amount and payment date?
Saga Communications (SGA) declared a quarterly dividend of $0.25 per share, payable on June 27, 2025, to shareholders of record on June 6, 2025.
How much has Saga Communications paid in total dividends since 2012?
Saga Communications has paid over $138 million in dividends to shareholders since the first special dividend was paid in 2012.
What is Saga Communications' plan for stock buybacks in 2025?
Saga plans to implement stock buybacks in 2025, potentially funded by proceeds from non-core asset sales, which may include open market repurchases, block trades, or other forms of buybacks.
How many radio stations does Saga Communications currently operate?
Saga owns or operates 82 FM and 31 AM radio stations, along with 79 metro signals across 28 markets.
What is the total amount of SGA's upcoming quarterly dividend payment?
The aggregate amount of the quarterly dividend payment will be approximately $1.6 million.
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