---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-110952"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:45:06.117581+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Saga Communications declares $0.25 quarterly dividend, plans stock buybacks from asset sales

## Summary
- Quarterly cash dividend of $0.25 per share payable Dec 12, 2025 to holders of record Nov 24, 2025.
- Aggregate payment approximately $1.6 million; funded from balance sheet cash.
- Company intends to use proceeds from non-core asset sales for stock buybacks, including open market or block trades.
- Over $141 million in dividends paid to shareholders since the first special dividend in 2012.
- Future dividends and buybacks remain at Board discretion based on financial results and cash requirements.

## SEC filing metadata
- accession: 0001104659-25-110952
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000110465925110952/0001104659-25-110952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000110465925110952/sga-20251113x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-110952
- JSON: https://secwatch.observer/filing/0001104659-25-110952.json
- Plain text: https://secwatch.observer/filing/0001104659-25-110952.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.