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Saga Communications Resumes Quarterly Cash Dividends


Saga Communications
Saga Communications

Saga Communications has announced that its board of directors declared a quarterly cash dividend of $0.16 per share. The dividend will be paid on July 16, 2021, to shareholders of record on June 30, 2021 and will be funded by cash on the company's balance sheet. Including this dividend, the Saga will have paid over $72 million in dividends to shareholders since the first special dividend was paid in 2012.

The company currently intends to pay regular quarterly cash dividends in the future as declared by the board of directors. The board may also consider declaring special cash dividends, stock dividends, and stock buybacks in the future.

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