Salem Sets Quarterly Cash Dividend
Salem Media Group’s Board of Directors on Friday declared a cash distribution for its third quarter, rewarding shareholders of record as of next Monday with a few extra cents in their account.
The Christian and conservative-themed broadcast company declared a dividend in the amount of $0.0650 per share. The cash distribution will be paid on September 30, to all Class A and Class B common stockholders of record as of September 19.
Shares in SALM closed down 2 cents on Friday, to $6.40.