Salem Communications Corp Declares Quarterly Dividend of $0.06 (SALM)
Salem Communications Corp (NASDAQ:SALM) announced a quarterly dividend on Tuesday, September 2nd, ARN reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.0625 per share on Tuesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 3.02%.
Shares of Salem Communications Corp (NASDAQ:SALM) traded down 3.98% on Tuesday, hitting $7.9603. 26,813 shares of the company’s stock traded hands. Salem Communications Corp has a 52-week low of $5.04 and a 52-week high of $10.34. The stock’s 50-day moving average is $8.71 and its 200-day moving average is $8.98. The company has a market cap of $201.0 million and a price-to-earnings ratio of 17.13.
Salem Communications Corporation (NASDAQ:SALM) is a domestic multi-media company with integrated business operations covering radio broadcasting, publishing and the Internet.
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