dividend
confidence high
sentiment positive
materiality 0.60
Saga Communications increases quarterly dividend to $0.25 and declares $2.00 special dividend
SAGA COMMUNICATIONS INC
- Quarterly dividend raised to $0.25 per share; special dividend of $2.00 per share declared.
- Dividends payable Oct 21, 2022, to shareholders of record Oct 3; aggregate payout ~$13.6M.
- Since 2012, over $93M in total dividends returned to shareholders.
- Funding from balance sheet cash; management cites strong capital position.