Beasley Broadcasting Group stock fell by five cents, to $11.10, in Tuesday’s trading following an announcement late Monday from the company’s Board of Directors that it has declared a quarterly cash dividend of $0.045 per share of its Class A and Class B common stock.
The dividend is payable on Jan. 5, 2018, to shareholders of record on Dec. 29, 2017.
The slip for Beasley shares on Wall Street is hardly worrisome for those who hold BBGI stock. Beasley is on the rebound and near its highest point in the last 30 days.
The company in that period saw its stock dip as low as $9.45. In early October it hit $12.40.
However, it’s a far cry from the $8.65 seen for BBGI shares as recently as Aug. 23.
Beasley is set to go Ex-Dividend within the next 30-45 days.