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

Rhea-AI Summary

Saga Communications (Nasdaq: SGA) announced a quarterly cash dividend of $0.25 per share, payable on December 12, 2025 to shareholders of record on November 24, 2025. The aggregate payment for this quarter will be approximately $1.6 million and will be funded from the company’s cash balance. Including this dividend, Saga has paid over $141 million in dividends since 2012. The company said it intends to declare regular quarterly dividends and may use proceeds from non-core asset sales to fund stock buybacks or special dividends, subject to Board discretion.

Positive

• $0.25 quarterly dividend declared
• Approximate aggregate payment of $1.6 million
• Over $141 million returned to shareholders since 2012
• Intends to use sale proceeds to fund stock buybacks

Negative

• Quarterly dividend and buybacks remain at Board discretion
• This quarter's dividend will be funded from cash, reducing cash reserves by ~$1.6M

GROSSE POINTE FARMS, Mich., Nov. 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 December 12, 2025, to shareholders of record on November 24, 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 $141 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 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 provides radio, digital, e-commerce, local on-line news and non-traditional revenue initiatives. Saga operates in 28 markets and provides services to national, regional and local advertisers to meet their growing advertising needs. 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,” “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 dividend did Saga Communications (SGA) declare on November 13, 2025?

The Board declared a quarterly cash dividend of $0.25 per share on November 13, 2025.

When will the SGA dividend be paid and who is the record date?

The dividend will be paid on December 12, 2025 to shareholders of record on November 24, 2025.

How much will Saga pay in total for the December 12, 2025 dividend?

The aggregate payment for the quarterly dividend is approximately $1.6 million.

Has Saga historically returned capital to shareholders and how much?

Including this dividend, Saga has paid more than $141 million in dividends to shareholders since 2012.

Will Saga use cash or other sources to fund dividends and buybacks in fiscal 2025?

This dividend will be funded from the company's cash balance; the company also intends to use some proceeds from non-core asset sales to fund buybacks.

Are future dividends and stock buybacks guaranteed for SGA shareholders?

No; declaration and payment of any future dividends or buybacks remain at the full discretion of the Board and depend on financial results and other factors.