Salem Suspends Dividend On 11-Year Stock Low


For nearly a month, after a small rally, Salem Media Group shares have been on a slow and steady decline.

That said, SALM has been on a continued crawl downward since June 2018, when its stock was 85% higher in value than where it stood some 15 minutes after Tuesday’s Opening Bell on the Nasdaq Global Select market.

With finances ever-more fragile at the media company known for its conservative Talk programming and Christian-themed radio stations, Salem’s board of directors late Monday put a temporary suspension on its regular quarterly cash dividend on its common stock.

There’s one big reason for the move.

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