Beasley Broadcast Group Declares Quarterly Cash Dividend of $0.0625 Per Share
September 08 2006 - 5:20PM
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 October 20, 2006, to shareholders of record on September
29, 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 42 stations (26 FM
and 16 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 Securities and Exchange Commission
(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
large-market 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. These statements do not include the
potential impact of any acquisitions or dispositions announced or
completed after September 8, 2006. All information in this release
is as of September 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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