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

Rhea-AI Summary

Saga Communications (Nasdaq: SGA) declared a quarterly cash dividend of $0.25 per share, payable March 20, 2026, to shareholders of record on February 26, 2026. The payment aggregates to approximately $1.6 million and will be funded from cash on the Company’s balance sheet.

Including this payout, Saga has returned over $143 million to shareholders since 2012 and says it intends to continue regular quarterly dividends while retaining Board discretion to pursue buybacks or special dividends under its 2026 capital allocation plan.

Positive

• Quarterly dividend of $0.25 per share
• Total payout of approximately $1.6 million for the quarter
• Funded from cash on balance sheet (no new debt)
• Company has returned $143 million+ to shareholders since 2012
• Board signals intent to continue regular quarterly dividends

Negative

• Future dividends and buybacks remain at full Board discretion
• Uses approximately $1.6 million of cash, reducing available liquidity

News Market Reaction – SGA

-0.53%

2 alerts

-0.53% News Effect

-$381K Valuation Impact

$72M Market Cap

0.5x Rel. Volume

On the day this news was published, SGA declined 0.53%, reflecting a mild negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $381K from the company's valuation, bringing the market cap to $72M at that time.

Data tracked by StockTitan Argus on the day of publication.

GROSSE POINTE FARMS, Mich., Feb. 12, 2026 (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 March 20, 2026, to shareholders of record on February 26, 2026. 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 $143 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 2026 the Company may also implement stock buybacks and declare special dividends 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 February 12, 2026?

The company declared a quarterly cash dividend of $0.25 per share. According to the company, the dividend is payable March 20, 2026, to shareholders of record on February 26, 2026, and aggregates to about $1.6 million funded from cash on hand.

When will SGA shareholders receive the March 2026 dividend payment?

Shareholders of record on February 26, 2026 will be paid on March 20, 2026. According to the company, the dividend payment date is March 20, 2026 and the record date is February 26, 2026, with the payout funded from the company’s cash balance.

How much has Saga Communications (SGA) paid in dividends since 2012?

Saga has paid over $143 million in dividends since the first special dividend in 2012. According to the company, this cumulative figure includes regular, special, and other cash distributions made through the current declaration.

Will Saga Communications (SGA) implement buybacks or special dividends in 2026?

The company may implement buybacks or special dividends as part of its 2026 capital allocation plan. According to the company, any buyback or special dividend decisions remain discretionary and will depend on financial results and cash requirements.

How is the March 2026 dividend funding being sourced for SGA?

The March 2026 dividend will be funded from Saga’s cash on the balance sheet. According to the company, the aggregate payment for this quarterly dividend is approximately $1.6 million and will not require new borrowing.