Saga Communications Q1 Revenue Drops 5.6%, Declares $0.25 Dividend
Saga Communications net revenue fell 5.6% to $22.9 million in Q1 2026, with operating loss widening to $3.3 million and net loss reaching $2.4 million (loss per share $0.38). The company declared a $0.25 quarterly dividend, marking over $145 million returned to shareholders since 2012.
1. Q1 Financial Performance
Saga Communications posted Q1 2026 net revenue of $22.9 million, down 5.6% year-over-year, while station operating expense was $22.0 million. Operating loss widened to $3.3 million from $2.3 million and net loss increased to $2.4 million, resulting in a diluted loss per share of $0.38.
2. Dividend Declaration
The board declared a $0.25 per share quarterly cash dividend payable June 12, 2026 to shareholders of record May 22, 2026, totaling approximately $1.6 million. This dividend brings total payouts to more than $145 million since 2012 and underscores management’s commitment to regular shareholder distributions.
3. Balance Sheet and Capital Outlook
As of March 31, 2026, the company held $30.4 million in cash and short-term investments, decreasing to $27.8 million by May 4. Q1 capital expenditures were $0.8 million, and the company projects approximately $3.5 million in capex for full-year 2026.