Saga Communications declares a quarterly cash dividend of $0.25 per share, totaling approximately $1.6 million.
Quiver AI Summary
Saga Communications, Inc. announced a quarterly cash dividend of $0.25 per share, payable on March 20, 2026, to shareholders of record on February 26, 2026, totaling approximately $1.6 million. This dividend reflects the company's ongoing commitment to returning value to shareholders, bringing total dividends paid since 2012 to over $143 million. The dividend will be funded from Saga's cash reserves, and the company plans to continue declaring regular cash dividends while possibly considering stock buybacks and special dividends in the future, subject to the Board's discretion and financial conditions. Saga operates in 28 markets, providing services across various advertising platforms.
Potential Positives
- Board of Directors declared a quarterly cash dividend of $0.25 per share, demonstrating a commitment to returning value to shareholders.
- The company has paid over $143 million in dividends to shareholders since 2012, indicating a consistent history of rewarding investors.
- The upcoming dividend payment will amount to approximately $1.6 million, reflecting strong cash reserves on the balance sheet for funding.
- The potential for future stock buybacks and special dividends as part of the capital allocation plan suggests a proactive approach to capital management and shareholder value enhancement.
Potential Negatives
- The future declaration of dividends and stock buybacks is contingent on the Company's financial performance and cash requirements, indicating potential uncertainty in future payouts to shareholders.
- Forward-looking statements highlight risks related to the Company's performance, including economic changes and industry-specific challenges which may negatively impact future results.
- While the dividend payment will be made from cash on the balance sheet, reliance on existing cash reserves may raise concerns about the sustainability of future dividends amid changing operational conditions.
FAQ
What is the amount of the quarterly cash dividend declared by Saga Communications?
The quarterly cash dividend declared by Saga Communications is $0.25 per share.
When will the dividend be paid to shareholders?
The dividend will be paid on March 20, 2026, to shareholders of record on February 26, 2026.
How much has Saga Communications paid in dividends since 2012?
Since 2012, Saga Communications has paid over $143 million in dividends to shareholders.
What future plans does Saga have regarding dividends and stock buybacks?
Saga intends to declare regular quarterly cash dividends and may implement stock buybacks or special dividends in the future.
How can investors get more information about Saga Communications?
Investors can contact Saga Communications at (313) 886-7070 or visit their website at www.sagacom.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SGA Insider Trading Activity
$SGA insiders have traded $SGA stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $SGA stock by insiders over the last 6 months:
- K. CHRISTIAN TRUST EDWARD has made 0 purchases and 13 sales selling 10,402 shares for an estimated $132,806.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SGA Revenue
$SGA had revenues of $28.2M in Q3 2025. This is a decrease of -1.84% from the same period in the prior year.
You can track SGA financials on Quiver Quantitative's SGA stock page.
$SGA Hedge Fund Activity
We have seen 10 institutional investors add shares of $SGA stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MINERVA ADVISORS LLC removed 194,857 shares (-86.0%) from their portfolio in Q4 2025, for an estimated $2,231,073
- ROYAL BANK OF CANADA removed 21,400 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $266,216
- KRILOGY FINANCIAL LLC removed 20,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $248,800
- BANK OF AMERICA CORP /DE/ added 16,896 shares (+30720.0%) to their portfolio in Q3 2025, for an estimated $210,186
- LPL FINANCIAL LLC added 14,200 shares (+inf%) to their portfolio in Q4 2025, for an estimated $162,587
- PEAPOD LANE CAPITAL LLC removed 10,648 shares (-5.8%) from their portfolio in Q4 2025, for an estimated $121,917
- UBS GROUP AG removed 6,407 shares (-99.9%) from their portfolio in Q4 2025, for an estimated $73,358
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GROSSE POINTE FARMS, Mich., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 20, 2026, to shareholders of record on February 26, 2026. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $143 million in dividends to shareholders since the first special dividend was paid in 2012.
The Company currently intends to declare regular quarterly cash dividends in the future. Further, as part of its overall capital allocation plan for fiscal year 2026 the Company may also implement stock buybacks and declare special dividends in future periods. The declaration and payment of any future dividend, whether fixed, special, or based on the variable policy, or the implementation of any stock buyback program will remain at the full discretion of the Board and will depend on the Company’s financial results, cash requirements, future expectations, and other pertinent factors.
Saga is a media company whose business provides radio, digital, e-commerce, local on-line news and non-traditional revenue initiatives. Saga operates in 28 markets and provides services to national, regional and local advertisers to meet their growing advertising needs. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com .
This press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that are based upon current expectations and involve certain risks and uncertainties. Words such as “will,” “may,” “believes,” “intends,” “expects,” “anticipates,” “guidance,” and similar expressions are intended to identify forward-looking statements. The material risks facing our business are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including, in particular, Item 1A of our Annual Report on Form 10-K. Readers should note that forward-looking statements may be impacted by several factors, including global, national, and local economic changes and changes in the radio broadcast industry in general as well as Saga’s actual performance. Actual results may vary materially from those described herein and Saga undertakes no obligation to update any information contained herein that constitutes a forward-looking statement.
Contact:
Samuel D. Bush
(313) 886-7070
