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Beasley Lowers Quarterly Dividend
September 10, 2008 at 4:12 PM (PT)
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The board of directors of BEASLEY BROADCAST GROUP has declared a quarterly cash dividend of 5 cents/share for all shares of its Class A and B common stock, payable OCTOBER 16 to shareholders of record as of SEPTEMBER 30.
The dividend represents a drop from the previous 6.25 cents/share dividend de to reallocation of cash flow from operations to additional voluntary repayments of its credit facility.
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