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Saga Communications's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

Benzinga Real-time News ·  Dec 15, 2022 09:47

Monday marks the last chance for investors to receive the next dividend payout from Saga Communications (NASDAQ:SGA).

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 25 cents per share. On Tuesday, Saga Communications will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend dateâ€"in this case, Tuesday. Shareholders who own SGA as of the end of Monday's session are eligible to receive the 25 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 13, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Saga Communications's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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