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Saga Temporarily Suspends its Quarterly Cash Dividends
RADIO ONLINE | Friday, June 19, 2020 |
Saga Communications has announced that its board of directors is temporarily suspending the quarterly cash dividend in response to the continued economic uncertainty of the impact of COVID-19. Additional actions being taken to conserve the company's cash position include reducing planned capital spending and seeking discounts from vendors.
By preserving Saga's cash position, the company believes market conditions may present attractive acquisition opportunities. The company will consider the resumption of quarterly cash dividends in the near future as economic conditions permit.
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