Intel stock extends gains after report of possible U.S. government stake
GROSSE POINTE FARMS, Mich. - Saga Communications, Inc. (NASDAQ:SGA) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.25 per share, payable on September 19, 2025, to shareholders of record as of August 26, 2025. The dividend represents an attractive 7.8% yield at current share prices, according to InvestingPro data.
The total payment will amount to approximately $1.6 million and will be funded using cash from the company’s balance sheet, according to the press release statement.
With this latest distribution, Saga will have paid over $140 million in dividends to shareholders since initiating dividend payments in 2012.
The media company also revealed plans to potentially use proceeds from the sale of non-core assets to fund stock buybacks in fiscal year 2025, which may include open market repurchases, block trades or other forms of buybacks.
Saga noted that any future dividends or stock buyback programs remain at the full discretion of the Board and will depend on financial results, cash requirements and other relevant factors.
The company currently owns or operates broadcast properties across 28 markets, including 82 FM and 31 AM radio stations and 79 metro signals, with a stated focus on acquiring, developing and operating broadcast properties while expanding into digital, e-commerce and non-traditional revenue initiatives.
In other recent news, Saga Communications reported its financial results for the second quarter of 2025, which did not meet earnings and revenue expectations. The company posted an earnings per share (EPS) of $0.18, missing the anticipated $0.23. Revenue for the quarter was $28.23 million, falling short of the expected $29.5 million. These financial results highlight a shortfall in both earnings and revenue forecasts. Despite the misses, the stock price saw an increase, indicating investor optimism regarding the company’s strategic initiatives and future outlook. No mergers or acquisitions were reported, and there were no analyst upgrades or downgrades mentioned in the recent news. Saga Communications’ performance in this quarter has drawn attention to its future strategies and potential for growth.
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