Saga Communications As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
SGA $1.00 56.3% 0.0% -100.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Broadcasting 3.5% N/A N/A Quarter N/A
SGA logo | image credit: company Q2 earnings report
SGA logo | image credit: company Q2 earnings report

On September 20, 2022, Saga Communications, Inc. (SGA) declared declared a quarterly cash dividend of $0.25 per share, up 25% from the previous dividend of $0.20 quarterly per share. Also SGA will pay shareolders a special dividend of $2.00 per share. On Twitter we already published that this special dividend yields 7.7% at a stock price of $26.05.

The dividend will be paid on October 21, 2022, to shareholders of record on October 3, 2022. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $13.6 million. The quarterly and special cash dividends will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $93.0 million in dividends to shareholders since the first special dividend was paid in 2012. Earlier this year Saga already hiked its dividend by 25%.

Saga Communications (SGA) Dividend history & statistics
Company name Saga Communications Inc
Ticker symbol SGA
ISIN-code US7865983008
company website
Sector Communication Services
Business Broadcasting
Dividend paid since 2021
Track record (years increased) 1
Payment Frequency Dividend with no set frequency
Dividend growth: 5 year average -3.6%
Next dividend per share (+special) $2.25
Annual dividend per share $1.00
Dividend yield* 3.8%
Stock price* $28.16
YTD Total Return* 9.4%
Next ex-dividend date September 30, 2022
Next payment date October 21, 2022
Market cap (in $B)* 0.17
Total dividend (in $B) 0.01
© *As of September 21, 2022

“We are very pleased that our strong capital position and operating performance allowed us to declare an increased regular quarterly cash dividend and a special cash dividend, reflecting our continuing commitment to provide a meaningful cash return to our shareholders,” said Warren Lada, Interim President and Chief Executive Officer of Saga. “Our sustained financial strength has put us in a position to meet operational goals and to support an ongoing cash dividend program. The cash dividends announced today express the confidence of our Board of Directors and executive management team in Saga’s future.”

A new annual dividend rate of $1.00 per share will yield 3.8% at a stock price of $26 for SAGA.

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 79 FM, 34 AM radio stations and many metro signals. The company's segments are Radio, Television, and Corporate and Other. Saga Communications became a public company in 1992 and had been paying a dividend every year since 2014.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%