When it comes to rewarding its shareholders, including lead institutional investor Towerview LLC, led by Daniel Tisch, the mid-sized and small market operator founded by the late Ed Christian has nearly always delivered.
On March 8, Saga Communications will do it again.
That’s when qualified “SGA” shareholders will receive a quarterly cash dividend of $0.25 per share. To get the bonus, one must be a shareholder of record on February 20, with a February 19 ex-dividend date.
The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million.
The quarterly dividend will be funded by cash on the company’s balance sheet, Saga says.
Including this dividend, the company will have paid approximately $127 million in dividends to shareholders since the first special dividend was paid in 2012.
And, the dividend payment is expected to come at around the same time as Saga’s Q4 and year-end earnings report.
