Salem Media Group‘s stock price on April 23 bottomed out. Hopefully.
At the Closing Bell, SALM finished the day at $1.85 per share. As of 3:15pm Eastern Wednesday, Salem was priced at $2.0263.
Share value peaked March 12, and its been 10 months since Salem was anywhere near its 1-year target price of $4.75.
Nevertheless, the company’s board of directors gave its approval to a Q2 cash dividend.