Salem Media Group’s Board of Directors late Thursday declared a cash distribution for Q2 2017.
The dividend is in the amount of $0.0650 per share.
The cash distribution will be paid on June 30 to all Class A and Class B common stockholders of record as of June 16.
The news comes ahead of Salem’s presentation on June 6 at 10:30am Pacific at the LD Micro Invitational in the Bel-Air section of Los Angeles. Salem is the only media company to present at the financial conference.
Salem shares have seen healthy growth over the last since months, moving from a low of $5.60 on Dec. 7. At Friday’s Closing Bell (6/2), SALM was trading at $7.10, up 5 cents.