Saga Communications Declares $0.25 Quarterly Dividend
Saga Communications, a radio broadcasting company, declared a quarterly dividend of $0.25 per share on February 12, 2026. The dividend is payable March 20, 2026 to shareholders of record on February 26, 2026.
Saga Communications, a radio broadcasting company, declared a quarterly dividend of $0.25 per share on February 12, 2026. The dividend is payable March 20, 2026 to shareholders of record on February 26, 2026. Read more dividend announcements.
The dividend matches the $0.25 per share quarterly payment the company distributed on December 12, 2025, which had an aggregate value of approximately $1.6 million.
| Dividend Details | |
|---|---|
| Amount | $0.25 per share |
| Record Date | February 26, 2026 |
| Payment Date | March 20, 2026 |
| Frequency | Quarterly |
With this most recent declaration, Saga will have paid over $143 million in dividends to shareholders since the first special dividend was paid in 2012.
The company said it intends to pay regular quarterly cash dividends going forward. The board of directors will continue to consider special cash dividends, variable dividends, and stock buybacks as part of its strategy to maintain a strong balance sheet and return value to shareholders.
Financial Performance
Saga reported gross revenue of $17.6 million for the year ended December 31, 2025. Political revenue totaled $254,000 for the fourth quarter and $650,000 for the full year, compared to $2.0 million and $3.3 million respectively in the prior year, reflecting the typical decline in non-election years. Excluding political revenue, gross revenue decreased 3.6% for the year.
The company closed the sale of telecommunications towers and related property on October 17, 2025, recognizing an $11.6 million gain. Net cash proceeds after expenses totaled $9.8 million. The transaction involved 24 owned towers, with the company retaining long-term leases to continue operating at each site.
Saga repurchased 219,326 shares of Class A Common Stock for $2.5 million during the year ended December 31, 2025.
The company held $31.8 million in cash and short-term investments as of December 31, 2025 and $31.5 million as of March 9, 2026. Capital expenditures for 2026 are expected to range from $3.5 million to $4.5 million.