Saga Communications's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Saga Communications (NASDAQ:SGA) has announced a quarterly dividend of 25 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 25 cents lower to reflect the payout. Shareholders who own SGA as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 03, 2023.
October 05, 2023 | 2:45 pm
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Saga Communications has announced a quarterly dividend of 25 cents per share. The stock will likely open lower on the ex-dividend date, Tuesday, to reflect the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. Therefore, it is expected that SGA's stock price will open lower on Tuesday.
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