---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019632"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:40:10.266568+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Saga Communications declares $2.00 special cash dividend payable Jan 12, 2024

## Summary
- Special cash dividend of $2.00 per share paid on Jan 12, 2024 to holders of record Dec 20, 2023.
- Aggregate payment of approximately $12.5 million, funded from balance sheet cash.
- Board aims to reduce cash and short-term investments to ~$25 million before future cash flows.
- Total dividends paid since 2012 exceed $125.3 million; variable dividend policy under consideration for Q4 2023.
- Future dividends (regular, variable, special) and stock buybacks remain at Board's discretion.

## SEC filing metadata
- accession: 0001558370-23-019632
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837023019632/0001558370-23-019632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837023019632/sga-20231207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019632
- JSON: https://secwatch.observer/filing/0001558370-23-019632.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019632.txt

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