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Saga Communications declares $0.25 dividend

Saga Communications, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on its Class A common stock.

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Saga Communications, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on its Class A common stock. The dividend will be paid on June 12, 2026 to shareholders of record on May 22, 2026.

The company expects the aggregate dividend payment to be approximately $1.6 million, funded from cash on its balance sheet. Including this dividend, Saga states it has paid over $145 million in dividends to shareholders since its first special dividend in 2012 and notes that any future dividends or buybacks will remain at the Board’s full discretion.

Positive

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Quarterly dividend per share $0.25 per share Declared by Board for Class A common stock
Aggregate dividend payment $1.6 million Approximate total cash outlay for this quarterly dividend
Cumulative dividends paid Over $145 million Total dividends to shareholders since first special dividend in 2012
Dividend record date May 22, 2026 Shareholders of record on this date receive the dividend
Dividend payment date June 12, 2026 Scheduled date for paying the $0.25 per share dividend
quarterly cash dividend financial
"declared a quarterly cash dividend of $0.25 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
special dividend financial
"since the first special dividend was paid in 2012"
A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.
variable dividend policy financial
"based on the variable dividend policy, or the implementation of any stock buyback program"
A variable dividend policy is when a company changes its cash payouts to shareholders based on current profits, cash flow or other business conditions instead of paying a fixed amount. For investors it matters because payments can rise when the company does well and fall or stop in harder times, so this policy offers flexibility for the business but creates less predictable income and a signal about financial health—like a seasonal allowance that grows or shrinks with income.
forward-looking statements regulatory
"This press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Saga Communications (SGA) declare in this Form 8-K?
Saga Communications declared a quarterly cash dividend of $0.25 per share on its Class A common stock. This payment reflects the company’s ongoing practice of returning cash to shareholders through regular dividends funded from its balance sheet.

When is the record date and payment date for Saga Communications’ $0.25 dividend?
The record date for Saga Communications’ dividend is May 22, 2026, and the payment date is June 12, 2026. Shareholders recorded by the record date will receive the $0.25 per share cash dividend on the payment date.

How large is the total cash outlay for Saga Communications’ latest dividend?
Saga Communications expects the aggregate payment for this quarterly dividend to be approximately $1.6 million. The company states that this dividend will be funded by cash on its balance sheet, indicating it is using existing liquidity rather than new financing.

How much has Saga Communications (SGA) paid in dividends since 2012?
Including this dividend, Saga Communications reports it has paid over $145 million in dividends to shareholders since its first special dividend in 2012. This figure reflects both regular quarterly dividends and any special or variable dividends declared over that period.

Does Saga Communications plan to continue paying regular quarterly dividends?
Saga Communications states it currently intends to declare regular quarterly cash dividends in the future. However, the Board has full discretion, and future dividends or buybacks will depend on financial results, cash needs, expectations, and other relevant factors.

How will Saga Communications fund the newly declared $0.25 dividend?
The company indicates that the quarterly cash dividend will be funded by cash on the balance sheet. This means Saga plans to use existing cash resources rather than raising new capital or taking on additional debt specifically for this dividend payment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026

SAGA COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in its Charter)

Florida

 

1-11588

 

38-3042953

 (State or other jurisdiction

 

(Commission File Number)

 

(IRS Employer

of incorporation)

 

 

 

Identification No.)

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73 Kercheval Avenue

 

 

Grosse Pointe Farms, MI

 

48236

 (Address of Principal Executive Offices)

 

(Zip Code)

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Registrant’s telephone number, including area code: (313) 886-7070

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share

SGA

NASDAQ Global Market

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 8.01.Other Events.

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On May 7, 2026, Saga Communications, Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors has declared a quarterly cash dividend of $0.25 per share on its Class A Common Stock to be paid on June 12, 2026, to shareholders of record on May 22, 2026, as set forth in the press release included as Exhibit 99.1 hereto.

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Item 9.01.Financial Statements and Exhibits.

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(d)

Exhibits.

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99.1

Press Release dated May 7, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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INDEX OF EXHIBITS

Exhibit No.

Description

99.1

Press Release dated May 7, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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SAGA COMMUNICATIONS, INC.

 

 

 

 

 

 

 

 

 

Dated: May 7, 2026

By:

/s/ Samuel D. Bush

 

 

 

Samuel D. Bush

 

 

 

Executive Vice President and Chief

 

 

 

Financial Officer

 

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Exhibit 99.1

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Graphic

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Saga Communications, Inc.

Declares a Quarterly Cash Dividend of $0.25 per Share

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Contact:

Samuel D. Bush

(313) 886-7070

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Grosse Pointe Farms, MI – May 7, 2026 – 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.

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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.

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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.

Source: View Original Filing on SEC EDGAR

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