secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001558370-23-019632
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837023019632/0001558370-23-019632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837023019632/sga-20231207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019632

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