Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

Rhea-AI Summary

Saga Communications (Nasdaq: SGA) has declared a quarterly cash dividend of $0.25 per share, payable on September 19, 2025, to shareholders of record on August 26, 2025. The total dividend payment will amount to approximately $1.6 million, funded from the company's balance sheet.

Since initiating dividend payments in 2012, Saga has distributed over $140 million in dividends to shareholders. The company has also announced plans to implement stock buybacks in fiscal year 2025, potentially funded by proceeds from non-core asset sales. Saga currently operates 82 FM and 31 AM radio stations across 28 markets, along with 79 metro signals.

Positive

• Consistent quarterly dividend payments maintained at $0.25 per share
• Strong dividend history with over $140 million paid since 2012
• Planned stock buyback program to enhance shareholder value
• Substantial media portfolio with 113 radio stations across 28 markets

Negative

• Dividend payments of $1.6 million may impact cash reserves
• Potential sale of non-core assets indicates portfolio restructuring
• Future dividends and buybacks subject to Board discretion and financial performance

GROSSE POINTE FARMS, Mich., Aug. 13, 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 September 19, 2025, to shareholders of record on August 26, 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 $140 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 www.sagacom.com.

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,” “plans,” “projects,” “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

This press release was published by a CLEAR® Verified individual.

FAQ

What is Saga Communications' (SGA) latest quarterly dividend amount?

Saga Communications declared a quarterly cash dividend of $0.25 per share, payable on September 19, 2025.

When is the record date for Saga Communications' Q3 2025 dividend?

The record date for Saga Communications' dividend is August 26, 2025.

How much has Saga Communications paid in total dividends since 2012?

Saga Communications has paid over $140 million in dividends to shareholders since the first special dividend was paid in 2012.

What are Saga Communications' capital allocation plans for 2025?

Saga plans to implement stock buybacks using proceeds from potential non-core asset sales, and intends to continue regular quarterly cash dividends.

How many radio stations does Saga Communications currently operate?

Saga operates 113 radio stations, consisting of 82 FM and 31 AM stations, across 28 markets with 79 metro signals.