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

Posted
12/10/2012 9:00:00 AM
By: NASDAQ.com News
Referenced Stocks:CBS;SALM;TV

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.