The Saga board of directors declared a quarterly cash dividend of $0.20 per share and a special cash dividend of $1.20 per share for its Class A and Class B shares. The dividends will be paid on December 29, 2014 to shareholders of record on December 15, 2014. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $8.1 million. The quarterly and special cash dividends will be funded by cash on the company's balance sheet. Saga also says it intends to pay regular quarterly cash dividends in the future.
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