Townsquare Media, Inc. (NYSE:TSQ) Declares Quarterly Dividend of $0.20

Townsquare Media, Inc. (NYSE:TSQ) declared a quarterly dividend on Monday, November 10th. Stockholders of record on Monday, January 26th will be paid a dividend of 0.20 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 14.8%. The ex-dividend date of this dividend is Monday, January 26th.

Townsquare Media has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Townsquare Media has a dividend payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Townsquare Media to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 62.0%.

Townsquare Media Stock Down 11.3%

Shares of NYSE:TSQ traded down $0.69 during midday trading on Monday, reaching $5.42. 172,605 shares of the company traded hands, compared to its average volume of 78,437. The firm’s fifty day moving average price is $6.60 and its two-hundred day moving average price is $6.99. The firm has a market capitalization of $89.13 million, a price-to-earnings ratio of 2.68, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. Townsquare Media has a 12 month low of $5.27 and a 12 month high of $10.50.

About Townsquare Media

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.