Saga Communications (SGA) will pay a $0.20 per share special dividend on top of its regular $0.30 per share quarterly dividend. The dividends will be paid on December 23, 2016 to shareholders of record on December 5, 2016. 

Today’s dividend increase indicates an annualized rate of $1.20 per common share and a yield of approximately 2.5% based on the $48.60 closing price on November 21, 2016.

Saga Communications, Inc. is a broadcasting company whose business is devoted to acquiring, developing and operating broadcast properties. Saga owns or operates broadcast properties in multiple markets, including FM and AM radio stations and metro signals. The company's segments are Radio, Television, and Corporate and Other. Saga Communications became a public company in 1992 and has paid a dividend every year since 2014.