Beasley Broadcast Group Declares Quarterly Cash Dividend of $0.05 Per Share
May 30 2019 - 3:30PM
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“the Company”), a
large- and mid-size market radio broadcaster, announced today that
its Board of Directors declared a quarterly cash dividend of $0.05
per share of its Class A and Class B common stock. The
dividend is payable on July 5, 2019, to shareholders of record on
June 28, 2019.
While the Company intends to pay regular
quarterly cash dividends for the foreseeable future, all subsequent
dividends will be reviewed quarterly and declared by the Board of
Directors at its discretion.
About Beasley Broadcast
GroupCelebrating its 58th anniversary this year, Beasley
Broadcast Group, Inc. (www.bbgi.com) was founded in 1961 by George
G. Beasley who remains the Company’s Chairman of the Board.
Beasley Broadcast Group owns and operates 64 stations (46 FM and 18
AM) in 15 large- and mid-size markets in the United States.
Approximately 19 million consumers listen to Beasley radio stations
weekly over-the-air, online and on smartphones and tablets and
millions regularly engage with the Company’s brands and
personalities through digital platforms such as Facebook, Twitter,
text, apps and email. For more information, please visit
www.bbgi.com.
Note Regarding Forward-Looking
Statements:Statements in this release
that are “forward-looking statements” are based upon current
expectations and assumptions, and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as
“intends,” “expects,” “expected,” “anticipates” or variations of
such words and similar expressions are intended to identify such
forward-looking statements. Key risks are described in our
reports filed with the SEC including in our Annual Report on Form
10-K and quarterly reports on Form 10-Q. Readers should note
that forward-looking statements are subject to change and to
inherent risks and uncertainties and may be impacted by several
factors, including: external economic forces that could have a
material adverse impact on our advertising revenues and results of
operations; our radio stations may not be able to compete
effectively in their respective markets for advertising revenues;
we may not remain competitive if we do not respond to changes in
technology, standards and services that affect our industry; our
substantial debt levels; and, the loss of key personnel. Our
actual performance and results could differ materially because of
these factors and other factors discussed in the “Management’s
Discussion and Analysis of Results of Operations and Financial
Condition” in our SEC filings, including but not limited to annual
reports on Form 10-K or quarterly reports on Form 10-Q, copies of
which can be obtained from the SEC, www.sec.gov, or our website,
www.bbgi.com. All information in this release is as of May
30, 2019, and we undertake no obligation to update the information
contained herein to actual results or changes to our
expectations.
CONTACT: |
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Heidi RaphaelVice President of Corporate CommunicationsBeasley
Broadcast Group, Inc.239-659-7332heidi.raphael@bbgi.com |
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Joseph Jaffoni, Jennifer NeumanJCR212-835-8500 or
bbgi@jcir.com |
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