The Board of Directors of media company Saga Communications, publicly traded on the New York Stock Exchange as “SGA,” has declared a quarterly cash dividend of 30 cents per share.
But, Class A and Class B shareholders get a little more.
Saga’s board announced Monday (11/21) that it has also declared a special cash dividend of 20 cents per share for its Class A and Class B shares.
The dividends will be paid on Dec. 23, 2016 to shareholders of record on Dec. 5.
The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $2.9 million, Saga said.
The quarterly and special cash dividends will be funded by cash on the company’s balance sheet.
Saga notes that regular quarterly cash dividends will continue in the future, as declared by its board, and will consider declaring special cash dividends, stock dividends, and stock buybacks in the future.