Salem Communications Corporation ( SALM ) will begin trading ex-dividend on June 12, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on June 30, 2014. Shareholders who purchased SALM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.35% increase over the prior quarter. At the current stock price of $9.08, the dividend yield is 2.64%.
The previous trading day's last sale of SALM was $9.08, representing a -12.19% decrease from the 52 week high of $10.34 and a 29.71% increase over the 52 week low of $7.
SALM is a part of the Consumer Services sector, which includes companies such as CBS Corporation ( CBS ) and Sirius XM Holdings Inc. ( SIRI ). SALM's current earnings per share, an indicator of a company's profitability, is $.63.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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