Beasley Broadcast Declares Quarterly Cash Dividend of $0.0625 Per Share
March 08 2006 - 12:03PM
Business Wire
Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a large- and mid-size
market radio broadcaster, today announced that its Board of
Directors declared a quarterly cash dividend of $0.0625 for each
share of its Class A and Class B common stock. The dividend is
payable on April 20, 2006, to shareholders of record on March 31,
2006. The Board of Directors of Beasley Broadcast Group first
authorized the initiation of a regular quarterly cash dividend on
the Company's Class A and Class B common stock at their December
2005 meeting and the first dividend was paid on January 20, 2006.
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. Founded in 1961, Beasley Broadcast Group, Inc. is a
radio broadcasting company that owns or operates 41 stations (26 FM
and 15 AM) located in ten large- and mid-size markets in the United
States. 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 the
Company's reports filed with the SEC. Readers should note that
these statements are subject to change and to inherent risks and
uncertainties and may be impacted by several factors, including:
economic and regulatory changes, the loss of key personnel, a
downturn in the performance of our radio stations, the Company's
substantial debt levels, and changes in the radio broadcast
industry generally. The Company's 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" of 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 March 8, 2006, and the Company
undertakes no obligation to update the information contained herein
to actual results or changes to the Company's expectations.
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