Salem Communications Corporation (SALM) Ex-Dividend Date Scheduled for December 12, 2012

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Salem Communications Corporation ( SALM ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.035 per share scheduled for December 28, 2012. Shareholders who purchased SALM stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that SALM has paid the same dividend. At the current stock price of $5.11, the dividend yield is 2.74%.

The previous trading day's last sale of SALM was $5.11, representing a -14.83% decrease from the 52 week high of $6 and a 141.04% increase over the 52 week low of $2.12.

SALM is a part of the Consumer Services sector, which includes companies such as CBS Corporation ( CBS ) and Grupo Televisa S.A. ( TV ). SALM's current earnings per share, an indicator of a company's profitability, is $.11. Zacks Investment Research reports SALM's forecasted earnings growth in 2012 as -25%, compared to an industry average of 9.1%.

For more information on the declaration, record and payment dates, visit the SALM Dividend History page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , Stocks
Referenced Symbols: CBS , SALM , TV

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