SGA - Mergers and acquisitions

GROSSE POINTE FARMS, Mich., March 01, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on April 7, 2023, to shareholders of record on March 20, 2023. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.5 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $108.3 million in dividends to shareholders since the first special dividend was paid in 2012. The Company curre

GROSSE POINTE FARMS, Mich., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company," "Saga," "us," or "our") today announced the declaration of a quarterly and special cash dividend, a new variable dividend policy, changes to leadership on the Board of Directors, and an update on the Company's strategic initiatives. Dividend Announcements The Company announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share and a special cash dividend of $2.00 per share on its Class A common stock. The dividend will be paid on January 13, 2023, to shareholders of record on December 21, 2022. The aggregate amount of the payment to be

GROSSE POINTE FARMS, Mich., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors declared an increased quarterly cash dividend of $0.25 per share and a special cash dividend of $2.00 per share. The dividend will be paid on October 21, 2022, to shareholders of record on October 3, 2022. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $13.6 million. The quarterly and special cash dividends will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $93.0 million in di

GROSSE POINTE FARMS, Mich., June 02, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share. This is an increase from the previous quarterly dividend of $0.16 per share. The dividend will be paid on July 1, 2022, to shareholders of record on June 13, 2022. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.2 million. The quarterly cash dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $79 million in dividends to shareh

GROSSE POINTE FARMS, Mich., March 01, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share. The dividend will be paid on April 8, 2022, to shareholders of record on March 21, 2022. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $970 thousand. The quarterly cash dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $78 million in dividends to shareholders since the first special dividend was paid in 2012. The Company cu

GROSSE POINTE FARMS, Mich., Dec. 14, 2021 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq - SGA) today announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share and a special cash dividend of $0.50 per share. The dividend will be paid on January 14, 2022, to shareholders of record on December 27, 2021. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $4.0 million. The quarterly and special cash dividends will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $77 million in dividends to shareholders since the first special divi

GROSSE POINTE FARMS, Mich., Sept. 28, 2021 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share.  The dividend will be paid on October 22, 2021, to shareholders of record on October 8, 2021. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $960 thousand.  The quarterly cash dividend will be funded by cash on the Company's balance sheet.  Including this dividend, the Company will have paid over $73 million in dividends to shareholders since the first special dividend was paid in 2012. The Company cu

GROSSE POINTE FARMS, Mich., May 6, 2021 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq - SGA) reported today that first quarter 2021 revenue and the related net income continue to be impacted by the ongoing uncertainties in the marketplace.  Net revenue was $22.3 million for the quarter ended March 31, 2021 compared to $26.1 million for the same period last year.  Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period last year.  Station operating income was $4.7 million for the quarter compared to $5.5 million for the first quarter last year.  Free cash flow increased 21.4% to $1.8 million for the quarter.  Operating income was $883