Salem Media Group Inc(NASDAQ:SALM) Declares Dividend of $0.0650.

Salem Media Group Inc (NASDAQ:SALM) had declared a cash dividend of $0.0650 on Sep 16, 2016. The shares will quote ex-dividend on Sep 15, 2016 and the record date has been fixed for Sep 19, 2016. On Sep 16, 2016 share price, the yield comes out to be 4.3771%. The dividend payable date has been fixed on Sep 30, 2016.

Salem Media Group Inc (SALM) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.49% at a volume of 25,613. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.25. The peak price level was also seen at $6.25 while the days lowest was $5.96. Finally the shares closed at $6.07. The 52-week high of the shares is $8.17 while the 52-week low is $3.6. According to the latest information available, the market cap of the company is $157 M.

Salem Media Group Inc(SALM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $67.78M. Analysts had an estimated revenue of $69.35M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, David P Santrella (President – Broadcast Media) sold 827 shares at $8.03 per share price.Also, On Jul 7, 2016, Evan D Masyr (EVP & CFO) sold 78,000 shares at $7.55 per share price.On Jul 5, 2016, David Evans (President – New Media) sold 34,996 shares at $7.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Salem Media Group Inc. is a diversified multi-media company with integrated business operations consisting of radio broadcasting digital media and publishing. The Company operates through two segments: radio broadcasting and digital media. It also owns and operates SRN News Network (SNN) Salem Music Network (SMN) Solid Gospel Network (SGN) Salem Media Representatives (SMR) and Vista Media Representatives (VMR). The Company’s radio broadcasting segment is engaged in the ownership and operation of radio stations in metropolitan markets. The Company’s radio programming is offered in five main formats: Christian Teaching and Talk News Talk Contemporary Christian Music Spanish Language Christian Teaching and Talk and Business. The Company also sells blocks of airtime on its Christian Teaching and Talk format stations to national and local religious and charitable organizations. The Company’s Digital Content segment focuses on Web-based and digital content.

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