GROSSE POINTE FARMS, Mich.,
Aug. 30, 2016 /PRNewswire/
-- Saga Communications, Inc. (NYSE MKT: SGA) today announced
that its Board of Directors declared a quarterly cash dividend of
$0.30 per share for its Class A and
Class B shares. The dividend will be paid on September 30, 2016 to shareholders of record on
September 14, 2016.
The Company intends to pay regular quarterly cash dividends in
the future as declared by the Board of Directors. Consistent
with returning value to our shareholders, the Board of Directors
will also consider declaring special cash dividends as well as
consider stock dividends.
Saga Communications, Inc. is a broadcasting company whose
business is devoted to acquiring, developing and operating
broadcast properties. The Company owns or operates broadcast
properties in 26 markets, including 67 FM and 32 AM radio stations,
4 television stations and 5 low-power television stations.
For additional information, contact us at (313) 886-7070 or visit
our website at www.sagacommunications.com.
This press release contains certain forward-looking statements
that are based upon current expectations and involve certain risks
and uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "believes,"
"expects," "anticipates," "guidance," "intent" and similar
expressions are intended to identify forward-looking
statements. Key risks, including risks associated with Saga's
ability to effectively integrate the stations it acquires and the
impact of federal regulation on Saga's business, are described in
the reports Saga periodically files with the U.S. Securities and
Exchange Commission, including Item 1A of our Annual Report on Form
10-K. Readers should note that these statements may be
impacted by several factors, including national and local economic
changes and changes in the radio and television broadcast industry
in general, as well as Saga's actual performance. Results may
vary from those stated herein and Saga undertakes no obligation to
update the information contained here.
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SOURCE Saga Communications, Inc.