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 June 12, 2026, to shareholders of record on May 22, 2026. The aggregate payment is approximately $1.6 million and will be funded from the company’s cash balance.

The company says it has paid over $145 million in dividends since 2012 and currently intends to declare regular quarterly dividends, though any future dividend or share buyback remains at the Board’s discretion.

Positive

• $0.25 quarterly dividend per share declared
• Payment date set for June 12, 2026; record date May 22, 2026
• Aggregate payout of approximately $1.6 million
• Company has paid over $145 million in dividends since 2012
• Dividend will be funded from existing cash on balance sheet

Negative

• Future dividends and any buyback remain at the Board’s discretion
• Dividend sustainability depends on future financial results and cash needs

News Market Reaction – SGA

-1.70%

-1.70% Session close to close

In the May 7 session, SGA declined 1.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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GROSSE POINTE FARMS, Mich., May 07, 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 June 12, 2026, to shareholders of record on May 22, 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 $145 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. The declaration and payment of any future dividend, whether quarterly, special, or based on the variable dividend 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 for Q2 2026?

Saga declared a $0.25 per share quarterly cash dividend for Q2 2026. According to the company, the dividend is payable June 12, 2026, to shareholders of record on May 22, 2026, with an aggregate payment of about $1.6 million.

When will SGA shareholders receive the dividend declared May 7, 2026?

The dividend will be paid on June 12, 2026. According to the company, shareholders of record as of May 22, 2026 are eligible, and the payment will be funded from the company’s cash balance.

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

Saga has paid over $145 million in dividends since the first special dividend in 2012. According to the company, the newly declared quarterly dividend is included in that cumulative total.

Does Saga Communications (SGA) guarantee future dividends or buybacks?

No; future dividends or any stock buyback remain at the full discretion of the Board. According to the company, decisions will depend on financial results, cash requirements, and other pertinent factors.

How will Saga fund the $0.25 per share dividend declared May 7, 2026?

The company said the quarterly dividend will be funded from cash on the balance sheet. According to the company, the approximate aggregate payment for this dividend is $1.6 million.