Welcome to our dedicated page for Saga Coms news (Ticker: SGA), a resource for investors and traders seeking the latest updates and insights on Saga Coms stock.
Saga Communications, Inc. (Nasdaq: SGA) is a Florida-incorporated media company that operates broadcast properties and related media initiatives across 28 markets. The SGA news feed on this page brings together the company’s press releases and other coverage so readers can follow developments in its radio, digital, e‑commerce, local on-line news, and non-traditional revenue initiatives.
News about Saga frequently covers its financial results, including quarterly earnings releases detailing net operating revenue, station operating expense, operating income or loss, net income or loss, capital expenditures, and selected balance sheet data. These releases often include both GAAP figures and non-GAAP measures such as station operating income, same station financial information, pro forma financial information, trailing twelve-month consolidated EBITDA, and leverage ratio, along with reconciliations.
Investors can also find updates on capital allocation decisions, such as declarations of quarterly cash dividends on the company’s Class A Common Stock and announcements of stock repurchase transactions or potential stock buyback plans funded in part by asset sales. Additional news items highlight asset portfolio actions, including the sale of telecommunications tower sites combined with long-term antenna site leases that allow Saga to continue using the towers while adjusting its asset base.
Other Saga news includes information about investor conference presentations, board composition changes, and governance updates, such as amendments to the company’s bylaws. For readers tracking SGA, this page offers a centralized view of company-issued announcements and related coverage, making it easier to monitor how Saga’s broadcast operations, digital initiatives, financial performance, and corporate actions evolve over time.
Saga Communications, Inc. (Nasdaq - SGA) announced a quarterly cash dividend of $0.16 per share, payable on April 8, 2022, to shareholders recorded by March 21, 2022. The total payout will be approximately $970 thousand, contributing to over $78 million in dividends paid since 2012. The company plans to continue regular quarterly dividends and may consider special dividends or stock buybacks in the future, reflecting its commitment to returning value to shareholders.
Saga Communications, Inc. (Nasdaq: SGA) will release its 4th Quarter and Year End 2021 results on March 10, 2022, at 9:00 a.m. EST. Following this, a conference call is scheduled for the same day at 1:00 p.m. EST to discuss the results. The company encourages participants to submit questions by 10:00 a.m. EST on the same day via email. The earnings release will include non-GAAP financial measures such as station operating income and free cash flow, with reconciliations provided in the release.
Saga Communications, Inc. (Nasdaq - SGA) announced a quarterly cash dividend of $0.16 and a special cash dividend of $0.50 per share, totaling approximately $4.0 million to be paid on January 14, 2022. Shareholders on record as of December 27, 2021 will be eligible. Since 2012, the company has distributed over $77 million in dividends, indicating strong shareholder returns. The company plans to continue regular dividends and may consider future special dividends or stock buybacks.
Saga Communications reported a strong performance for Q3 2021, with net revenue increasing to $28.8 million, up from $24.1 million YoY. Operating income rose to $4.6 million from $247 thousand last year. Free cash flow also saw improvement, reaching $4.0 million compared to $2.8 million in Q3 2020. For the nine-month period, net revenue was $79.2 million, up from $67.1 million, while net income totaled $7.5 million. The company maintains a solid balance sheet with $62.2 million in cash as of September 30, 2021, and has paid over $73 million in dividends since 2012.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 3rd Quarter 2021 results on November 4, 2021, at 9:00 a.m. EDT. A conference call will follow at 1:00 p.m. EDT, with dial-in options available for participants. Questions for the company must be emailed by 11:00 a.m. EDT on the same day. The earnings release will include non-GAAP measures such as station operating income and free cash flow, with a reconciliation provided. Saga operates in 27 markets with a total of 79 FM and 34 AM radio stations.
Saga Communications, Inc. (Nasdaq - SGA) has declared a quarterly cash dividend of $0.16 per share, to be paid on October 22, 2021, to shareholders on record as of October 8, 2021. This dividend payment totals approximately $960 thousand and will be funded from the Company’s cash reserves. Since 2012, Saga has distributed over $73 million in dividends. The Company plans to continue paying quarterly dividends and may also consider special dividends or stock buybacks in the future.
Saga Communications reported a net revenue of $28.0 million for Q2 2021, up from $16.9 million YoY. Station operating income hit $8.4 million, a turnaround from a $181 thousand loss last year. Free cash flow improved to $4.2 million from a negative $1.8 million. Net income for the quarter was $3.3 million, with diluted EPS at $0.54. For H1 2021, net revenue was $50.3 million, a rise from $42.9 million. The company reinstated a dividend of $0.16 per share, totaling $960 thousand. Cash on hand was $59.4 million with minimal bank debt.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 2nd Quarter 2021 results on August 5, 2021, at 9:00 a.m. EDT. A conference call will follow at 11:00 a.m. EDT, with dial-in options available for both domestic and international participants. Questions can be submitted via email until 10:00 a.m. EDT on the same day. The earnings release will include non-GAAP financial measures such as station operating income and free cash flow, along with reconciliations to GAAP measures. Saga operates in 27 markets with 79 FM and 35 AM radio stations.
Saga Communications, Inc. (Nasdaq - SGA) has declared a quarterly cash dividend of $0.16 per share, set for payment on July 16, 2021, to shareholders of record on June 30, 2021. This amounts to an aggregate payment of approximately $960 thousand. Since 2012, the company has distributed over $72 million in dividends. Saga plans to continue regular quarterly dividends and may consider special dividends or stock buybacks in the future, reflecting its commitment to returning value to shareholders.
On May 6, 2021, Saga Communications (SGA) reported Q1 2021 revenue of $22.3 million, down from $26.1 million in Q1 2020. Net income stood at $758,000 with diluted earnings per share at $0.13. Station operating income dropped to $4.7 million from $5.5 million year-over-year, impacted by the previous year's land sale. Operating income was significantly affected as Q1 2020 included a $1.3 million gain from that sale. However, free cash flow increased by 21.4% to $1.8 million, and cash reserves remained strong at $56.3 million, with bank debt stable at $10 million.