Salem Sets Quarterly Cash Dividend

By on Sep, 9 2016 with Comments 0

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.

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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