Beasley Broadcast Group‘s Board of Directors has declared a quarterly cash dividend of $0.05 per share of its Class A and Class B common stock. The dividend is payable on April 5, 2019, to shareholders of record on March 29.
While the company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.
The announcement comes as BBGI shares saw an important 5% gain on Tuesday, but are still far below its 1-year target estimate of $6.
Beasley stock finished Tuesday’s trading at $4.37 on volume of 33,811 shares.