Solid Saga Says Yes To Splendid Quarterly Dividend


When it comes to consistently strong performers on Wall Street, there’s perhaps no better radio company to look at than¬†Saga Communications.¬†While a lightly traded stock, and with its bumps and bruises over the last five years, SGA is nevertheless a consistent winner, with a recent low of $33.23 not so low even as Saga stock topped $50 in April 2017.

For starters, it is now a radio pure-play, free of TV industry expenses tied to the repack process and upgrades to the next-gen broadcast TV standards. Second, it hasn’t been threatened by the “debt bombs” that plagued iHeartMedia and Cumulus, and are still impacting LBI Media Inc. and Steel City Media.

That’s why Saga investors can always count on a nice dividend, and that’s happening again thanks to the company’s board of directors.

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