Aankondiging • May 08
Saga Communications, Inc. announces Quarterly dividend, payable on June 12, 2026 Saga Communications, Inc. announced Quarterly dividend of USD 0.2500 per share payable on June 12, 2026, ex-date on May 22, 2026 and record date on May 22, 2026. Aankondiging • Apr 22
Saga Communications, Inc., Annual General Meeting, Jun 01, 2026 Saga Communications, Inc., Annual General Meeting, Jun 01, 2026. Aankondiging • Apr 15
Saga Communications, Inc. to Report Q1, 2026 Results on May 07, 2026 Saga Communications, Inc. announced that they will report Q1, 2026 results at 9:00 AM, Eastern Daylight on May 07, 2026 Aankondiging • Apr 02
Saga Communications, Inc. announced delayed annual 10-K filing On 04/01/2026, Saga Communications, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Mar 12
Saga Communications, Inc. Reports Unaudited Impairment Changes Results for the Fourth Quarter Ended December 31, 2025 Saga Communications, Inc. reported unaudited impairment changes results for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment of goodwill of $19,229,000 and impairment of intangible assets of $1,168,000. Aankondiging • Mar 03
Saga Communications, Inc. to Report Q4, 2025 Results on Mar 12, 2026 Saga Communications, Inc. announced that they will report Q4, 2025 results at 9:00 AM, Eastern Daylight on Mar 12, 2026 Aankondiging • Feb 14
Saga Communications, Inc. Announces That Chief Executive Officer Christopher S. Forgy Has Begun A Temporary Medical Leave of Absence On February 13, 2026, Saga Communications, Inc. announced that Christopher S. Forgy, the Chief Executive Officer of the Company (CEO), began a temporary medical leave of absence that requires an indefinite period of recovery. The company anticipate that Mr. Forgy will be available for consultation on significant matters during his recovery and the Board has designated Wayne Leland, the Company’s Chief Operating Officer and Samuel D. Bush, the Company’s Chief Financial Officer to assist with Mr. Forgy’s responsibilities until Mr. Forgy returns from his medical leave. Aankondiging • Feb 12
Saga Communications, Inc. Declares A Quarterly Cash Dividend, Payable on March 20, 2026 Saga Communications, Inc. announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 20, 2026, to shareholders of record on February 26, 2026. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $143 million in dividends to shareholders since the first special dividend was paid in 2012. Aankondiging • Nov 14
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on December 12, 2025 Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 12, 2025, to shareholders of record on November 24, 2025. Aankondiging • Oct 21
Saga Communications, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Saga Communications, Inc. announced that they will report Q3, 2025 results at 9:00 AM, US Eastern Standard Time on Nov 06, 2025 Aankondiging • Oct 02
Saga Communications, Inc. Appoints Gregory D. Sutherland as Director Saga Communications, Inc. increased the size of the Board from seven to eight directors and appointed Gregory D. Sutherland, age 66, to fill the vacancy. Mr. Sutherland will serve as a director, effective immediately, for a term expiring at the 2026 Annual Meeting of Shareholders, at which time he is currently expected to stand for reelection. Mr. Sutherland has also been appointed to the Audit Committee and Cybersecurity Subcommittee of the Board. Since September 2025, Mr. Sutherland has served as the chair of the advisory board of G2M Insights, an artificial intelligence based software and services company. Prior to joining G2M Insights, Mr. Sutherland served on the board of directors of Buckman Laboratories from April 2020 to July 2025, a supplier of chemical solutions and digital innovations that help improve productivity and sustainability for customers in over 90 countries. Mr. Sutherland has served as an advisor for Nisum Technologies, an e-commerce technology consultancy, and was a Senior Partner at Ernst & Young LLP, a global professional services firm, where he served as the Strategy Consulting Practice Leader, Global and Americas. Mr. Sutherland holds an MBA from The Wharton School of the University of Pennsylvania and earned the NACD Director Certification through the National Association of Corporate Directors. On September 30, 2025, Wayne Leland, Senior Vice President/Chief Operating Officer, entered into a Change in Control Agreement with the Company. A change in control is defined to mean the occurrence of (a) any person or group becoming the beneficial owner, directly or indirectly, of more than 30% of the combined voting power of the Company's then outstanding securities; (b) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which results in the voting securities of the Company outstanding immediately prior thereto continuing to represent more than 50% of the combined voting securities of the Company or such surviving entity; or (c) the approval of the stockholders of the Company of a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of its assets. Aankondiging • Aug 14
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on September 19, 2025 Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on September 19, 2025, to shareholders of record on August 26, 2025. Aankondiging • Jul 10
Saga Communications, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Saga Communications, Inc. announced that they will report Q2, 2025 results at 9:00 AM, Eastern Daylight on Aug 07, 2025 Aankondiging • May 28
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on June 27, 2025 Saga Communications, Inc. announced that its board of directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 27, 2025, to shareholders of record on June 6, 2025. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the company’s balance sheet. Including this dividend, the company will have paid over $138 million in dividends to shareholders since the first special dividend was paid in 2012. Aankondiging • Apr 15
Saga Communications, Inc. to Report Q1, 2025 Results on May 08, 2025 Saga Communications, Inc. announced that they will report Q1, 2025 results at 9:00 AM, Eastern Daylight on May 08, 2025 Aankondiging • Apr 10
Saga Communications, Inc., Annual General Meeting, May 02, 2025 Saga Communications, Inc., Annual General Meeting, May 02, 2025. Aankondiging • Apr 09
Saga Communications, Inc. Announces Marcia Lobaito Not Stand for Re-Election Saga Communications, Inc. announced sitting director Marcia Lobaito will not stand for re-election at the 2025 Annual Meeting of Shareholders on May 2, 2025. Aankondiging • Mar 19
Saga Communications, Inc. announced delayed annual 10-K filing On 03/18/2025, Saga Communications, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Mar 03
Saga Communications, Inc. to Report Q4, 2024 Results on Mar 11, 2025 Saga Communications, Inc. announced that they will report Q4, 2024 results at 9:00 AM, US Eastern Standard Time on Mar 11, 2025 Aankondiging • Feb 06
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on March 7, 2025 Saga Communications, Inc. declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 7, 2025, to shareholders of record on February 18, 2025. Aankondiging • Nov 16
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on December 13, 2024 Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 13, 2024, to shareholders of record on November 25, 2024. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: US$0.21 (vs US$0.45 in 3Q 2023) Third quarter 2024 results: EPS: US$0.21 (down from US$0.45 in 3Q 2023). Revenue: US$28.1m (down 3.5% from 3Q 2023). Net income: US$1.27m (down 53% from 3Q 2023). Profit margin: 4.5% (down from 9.2% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Media industry in Germany. Aankondiging • Oct 24
Saga Communications, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Saga Communications, Inc. announced that they will report Q3, 2024 results at 9:00 AM, US Eastern Standard Time on Nov 07, 2024 Upcoming Dividend • Sep 18
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 18 October 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 24%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (6.0%). Aankondiging • Sep 17
Saga Communications, Inc. Announces Executive Changes Saga Communications, Inc. announced the promotions of Samuel D. Bush to Executive Vice President as well as continuing his position as Chief Financial Officer and Treasurer. Mr. Bush joined Saga in 1997 as Vice President, Chief Financial Officer and Treasurer later being promoted to Senior Vice President in 2002. The company also announced the promotion of Wayne Leland from Senior Vice President/Operations to Chief Operating Officer. Mr. Leland joined Saga in 2011 as General Manager of the Company’s radio stations in Norfolk, VA later being promoted to President of Tidewater Communications before joining Saga’s executive team in January 2023. Aankondiging • Sep 12
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on October 18, 2024 Saga Communications, Inc. announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on October 18, 2024, to shareholders of record on September 25, 2024. New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 43% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 43% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€90.1m market cap, or US$98.3m). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.41 (vs US$0.55 in 2Q 2023) Second quarter 2024 results: EPS: US$0.41 (down from US$0.55 in 2Q 2023). Revenue: US$28.7m (down 1.5% from 2Q 2023). Net income: US$2.50m (down 24% from 2Q 2023). Profit margin: 8.7% (down from 11% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Aankondiging • Jul 16
Saga Communications, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Saga Communications, Inc. announced that they will report Q2, 2024 results at 9:00 AM, US Eastern Standard Time on Aug 08, 2024 Aankondiging • May 23
Saga Communications, Inc. Declares a Quarterly Cash Dividend, Payable on June 28, 2024 Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 28, 2024, to shareholders of record on June 3, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid approximately $132 million in dividends to shareholders since the first special dividend was paid in 2012. Buy Or Sell Opportunity • May 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €17.80. The fair value is estimated to be €22.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.5% in a year. Earnings are forecast to grow by 11% in the next year. Reported Earnings • May 10
First quarter 2024 earnings released: US$0.26 loss per share (vs US$0.15 profit in 1Q 2023) First quarter 2024 results: US$0.26 loss per share (down from US$0.15 profit in 1Q 2023). Revenue: US$24.7m (down 2.5% from 1Q 2023). Net loss: US$1.58m (down 274% from profit in 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Media industry in Germany. Aankondiging • Apr 23
Saga Communications, Inc. to Report Q1, 2024 Results on May 09, 2024 Saga Communications, Inc. announced that they will report Q1, 2024 results at 9:00 AM, US Eastern Standard Time on May 09, 2024 Aankondiging • Apr 12
Saga Communications, Inc., Annual General Meeting, May 13, 2024 Saga Communications, Inc., Annual General Meeting, May 13, 2024, at 10:00 US Eastern Standard Time. Location: 73 Kercheval Avenue Grosse Pointe Farms Michigan United States Agenda: To elect the seven director nominees named in this proxy statement; to ratify the appointment of UHY LLP to serve as the independent registered public accounting firm for 2024; to approve, on a non-binding, advisory basis, the compensation paid to the named executive officers (“say-on-pay vote”) as described herein; and to transact any other business properly coming before the Annual Meeting and any adjournments or postponements thereof. New Risk • Mar 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (170% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Declared Dividend • Mar 11
Dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 15th March 2024 Payment date: 5th April 2024 Dividend yield will be 15%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 09
Saga Communications, Inc. Declares Variable Dividend, Payable on April 5, 2024 Saga Communications, Inc. announced that its Board of Directors declared a variable dividend of $0.60 per share in conjunction with the Company’s variable dividend policy. The dividend will be paid on April 5, 2024 with a record date of March 18, 2024. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$1.57 (vs US$1.52 in FY 2022) Full year 2023 results: EPS: US$1.57 (up from US$1.52 in FY 2022). Revenue: US$112.8m (down 1.8% from FY 2022). Net income: US$9.50m (up 4.8% from FY 2022). Profit margin: 8.4% (up from 7.9% in FY 2022). The increase in margin was driven by lower expenses. Aankondiging • Feb 17
Saga Communications, Inc. to Report Q4, 2023 Results on Mar 07, 2024 Saga Communications, Inc. announced that they will report Q4, 2023 results at 9:00 AM, US Eastern Standard Time on Mar 07, 2024 Aankondiging • Feb 08
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on March 8, 2024 Saga Communications, Inc. announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 8, 2024, to shareholders of record on February 20, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid approximately $127 million in dividends to shareholders since the first special dividend was paid in 2012. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €18.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Media industry in Europe. Aankondiging • Dec 08
Saga Communications, Inc. Declares Special Cash Dividend, Payable on January 12, 2024 Saga Communications, Inc. announced that its Board of Directors declared a special cash dividend of $2.00 per share. The dividend will be paid on January 12, 2024, to shareholders of record on December 20, 2023. The aggregate amount of the payment to be made in connection with the special dividend will be approximately $12.5 million. The special cash dividend will be funded by cash on the Company’s balance sheet and is in line with the Board’s goal of reducing ongoing cash and short-term investment balances to approximately $25 million prior to future cash flows being recognized. Aankondiging • Nov 17
Saga Communications, Inc. Declares a Quarterly Cash Dividend, Payable on December 15, 2023 Saga Communications, Inc. announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 15, 2023, to shareholders of record on November 27, 2023. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.45 (vs US$0.017 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.45 (up from US$0.017 loss in 3Q 2022). Revenue: US$29.1m (down 2.8% from 3Q 2022). Net income: US$2.73m (up US$2.83m from 3Q 2022). Profit margin: 9.4% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Aankondiging • Oct 05
Saga Communications, Inc. to Report Q3, 2023 Results on Nov 02, 2023 Saga Communications, Inc. announced that they will report Q3, 2023 results at 9:00 AM, Eastern Daylight on Nov 02, 2023 New Risk • Oct 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (285% cash payout ratio). Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Aankondiging • Sep 28
Saga Communications, Inc. Declares Quarterly Cash Dividend, Payable on November 3, 2023 Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on November 3, 2023, to shareholders of record on October 11, 2023. New Risk • Aug 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (285% cash payout ratio). Profit margins are more than 30% lower than last year (7.2% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.63 in 2Q 2022) Second quarter 2023 results: EPS: US$0.56 (down from US$0.63 in 2Q 2022). Revenue: US$29.2m (down 2.2% from 2Q 2022). Net income: US$3.35m (down 11% from 2Q 2022). Profit margin: 12% (down from 13% in 2Q 2022). Aankondiging • Jul 12
Saga Communications, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Saga Communications, Inc. announced that they will report Q2, 2023 results at 9:00 AM, US Eastern Standard Time on Aug 08, 2023 Buying Opportunity • Jun 07
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €23.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 31%. Aankondiging • May 11
Saga Communications Approves Appointment of Michael W. Schechter as Director Saga Communications, Inc. at the AGM held on May 8, 2023 approved appointment of Michael W. Schechter as director. Aankondiging • May 10
Saga Communications, Inc. Declares a Quarterly Cash Dividend, Payable on June 16, 2023 Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 16, 2023, to shareholders of record on May 22, 2023. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.5 million. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$25.3m (up 1.3% from 1Q 2022). Net income: US$920.0k (down 22% from 1Q 2022). Profit margin: 3.6% (down from 4.7% in 1Q 2022). The decrease in margin was driven by higher expenses.