Quarterly Cash Distribution for Salem Shareholders
The board of Camarillo, Calif.-based Salem Media Group declared a cash distribution for the first quarter of 2016.
The amount is $0.0650 per share.
The cash distribution will be paid on April 5 to all Class A and Class B common stockholders of record as of March 22.
Christian and conservative programmer Salem owns and operates 116 local radio stations, with 71 in the top 25 media markets and the Salem Radio Network which syndicates programs comprising Christian teaching and talk, conservative talk, news, and music.
The company also has digital and publishing arms.