Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 28, 2022, it owned seventy-nine FM, thirty- four AM radio stations, and seventy-nine metro signals serving twenty-seven markets. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.
Saga Communications Dividend Announcement
• Saga Communications announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-11-25
• Saga Communications annual dividend for 2024 was $1.60
• Saga Communications annual dividend for 2023 was $3.00
• Saga Communications's trailing twelve-month (TTM) dividend yield is 27.5%
• Saga Communications's payout ratio for the trailing twelve months (TTM) is 473.43%
• Saga Communications's dividend growth over the last five years (2018-2023) was 15.65% year
• Saga Communications's dividend growth over the last ten years (2013-2023) was 5.24% year
Saga Communications Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-25 | $0.25 | quarterly | 2024-12-13 |
2024-09-25 | $0.25 | quarterly | 2024-10-18 |
2024-06-03 | $0.25 | quarterly | 2024-06-28 |
2024-03-15 | $0.60 | quarterly | 2024-04-05 |
2024-02-16 | $0.25 | quarterly | 2024-03-08 |
2023-12-19 | $2.00 | quarterly | 2024-01-12 |
2023-11-24 | $0.25 | quarterly | 2023-12-15 |
2023-10-10 | $0.25 | quarterly | 2023-11-03 |
2023-05-19 | $0.25 | quarterly | 2023-06-16 |
2023-03-17 | $0.25 | quarterly | 2023-04-07 |
2022-12-20 | $2.25 | quarterly | 2023-01-13 |
2022-09-30 | $2.25 | quarterly | 2022-10-21 |
2022-06-10 | $0.20 | quarterly | 2022-07-01 |
2022-03-18 | $0.16 | quarterly | 2022-04-08 |
2021-12-23 | $0.66 | quarterly | 2022-01-14 |
2021-10-07 | $0.16 | quarterly | 2021-10-22 |
2021-06-29 | $0.16 | quarterly | 2021-07-16 |
2020-03-13 | $0.32 | quarterly | 2020-04-10 |
2019-12-26 | $0.30 | quarterly | 2020-01-17 |
2019-09-20 | $0.30 | quarterly | 2019-10-11 |
2019-06-13 | $0.30 | quarterly | 2019-07-05 |
2019-03-11 | $0.30 | quarterly | 2019-03-29 |
2018-12-07 | $0.55 | quarterly | 2019-01-04 |
2018-08-30 | $0.30 | quarterly | 2018-09-14 |
2018-05-30 | $0.30 | quarterly | 2018-06-22 |
2018-03-09 | $0.30 | quarterly | 2018-03-30 |
2017-12-15 | $1.10 | quarterly | 2018-01-05 |
2017-09-22 | $0.30 | quarterly | 2017-10-13 |
2017-05-18 | $0.30 | quarterly | 2017-06-09 |
2017-03-24 | $0.30 | quarterly | 2017-04-14 |
2016-12-01 | $0.50 | quarterly | 2016-12-23 |
2016-09-12 | $0.30 | quarterly | 2016-09-30 |
2016-06-13 | $0.25 | quarterly | 2016-07-08 |
2016-03-23 | $0.25 | quarterly | 2016-04-15 |
2015-11-25 | $0.50 | quarterly | 2015-12-11 |
2015-09-10 | $0.20 | quarterly | 2015-10-02 |
2015-06-18 | $0.20 | quarterly | 2015-07-10 |
2015-04-01 | $0.20 | quarterly | 2015-04-17 |
2014-12-11 | $1.20 | quarterly | 2014-12-29 |
2014-10-01 | $0.20 | quarterly | 2014-10-17 |
2014-07-09 | $0.20 | quarterly | 2014-07-25 |
2013-11-27 | $1.80 | quarterly | 2013-12-12 |
Saga Communications Dividend per year
Saga Communications Dividend growth
Saga Communications Dividend Yield
Saga Communications current trailing twelve-month (TTM) dividend yield is 27.5%. Interested in purchasing Saga Communications stock? Use our calculator to estimate your expected dividend yield:
Saga Communications Financial Ratios
Saga Communications Dividend FAQ
Other factors to consider when evaluating Saga Communications as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Saga Communications's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Saga Communications publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Saga Communications distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Saga Communications are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Saga Communications sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Saga Communications distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Saga Communications declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Saga Communications's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Saga Communications's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.