Saga Communications Announces 25-Cent Quarterly Dividend
March 2, 2016 at 11:47 AM (PT)
SAGA COMMUNICATIONS today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share for its Class A and Class B shares. The dividend will be paid on APRIL 15th to shareholders of record on MARCH 28th.
The company intends to pay regular quarterly cash dividends in the future as declared by its Board of Directors. Consistent with returning value to its shareholders, the Board of Directors will also consider declaring special cash dividends as well as consider stock dividends.
The GROSSE POINTE FARMS, MI-based SAGA COMMUNICATIONS owns or operates broadcast properties in 26 markets, including 67 FM and 32 AM radio stations, four television stations and five low-power television stations.
For additional information, call (313) 886-7070 or visit www.sagacommunications.com.