Saga Communications, Inc. Class A Common Stock (FL)
SGASaga Communications, Inc. Class A (SGA) is a radio broadcasting company that owns and operates radio stations across the United States. Founded in 1985, it focuses on local radio markets, providing a range of programming including news, entertainment, and music. The company emphasizes community engagement and regional content, making it a prominent player in local broadcasting.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 12, 2025 | $0.25 | 2025-11-24 | 2025-11-24 |
| September 19, 2025 | $0.25 | 2025-08-26 | 2025-08-26 |
| June 27, 2025 | $0.25 | 2025-06-06 | 2025-06-06 |
| March 7, 2025 | $0.25 | 2025-02-18 | 2025-02-18 |
| December 13, 2024 | $0.25 | 2024-11-25 | 2024-11-25 |
Dividends Summary
- Consistent Payer: Saga Communications, Inc. Class A Common Stock (FL) has rewarded shareholders with 54 dividend payments over the past 13 years.
- Total Returned Value: Investors who held SGA shares during this period received a total of $23.81 per share in dividend income.
- Latest Payout: The most recent dividend of $0.25/share was paid 42 days ago, on December 12, 2025.
- Yield & Schedule: SGA currently pays dividends quarterly with an annual yield of 8.85%.
- Dividend Growth: Since 2012, the dividend payout has decreased by 84.8%, from $1.65 to $0.25.
- Dividend Reliability: SGA has maintained or increased its dividend for 7 consecutive payments.
Company News
Saga Communications sold 22 tower sites to GTC Uno, LLC for $10.7 million, with an agreement to continue using the towers without cash lease payments. The company plans to use proceeds for potential stock buybacks.
Saga Communications increased its board size to eight members by appointing Gregg Sutherland, a former Senior Partner at Ernst & Young, to its Board of Directors. The company aims to return to seven board members at its 2026 Annual Shareholder Meeting.
Saga Communications announced a quarterly cash dividend of $0.25 per share, payable on September 19, 2025, to shareholders of record on August 26, 2025. The company plans to fund the dividend from its balance sheet and is considering stock buybacks as part of its capital allocation strategy.
Saga Communications reported Q2 2025 earnings with declining revenue and earnings, experiencing challenges in traditional advertising while showing growth in digital ad revenue. The company continues to focus on digital strategies and cost management.
Saga Communications reported a decrease in net revenue by 5.0% to $28.2 million for Q2 2025, with net income dropping from $2.5 million to $1.1 million. The company is exploring potential tower site sales and continues to pay quarterly dividends.
