Saga Communications, Inc. Declares Quarterly Dividend of $0.25 (NASDAQ:SGA)

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Thursday, November 13th. Shareholders of record on Monday, November 24th will be given a dividend of 0.25 per share on Friday, December 12th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, November 24th.

Saga Communications has raised its dividend by an average of 0.1%annually over the last three years. Saga Communications has a payout ratio of 135.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Saga Communications to earn $0.48 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 208.3%.

Saga Communications Stock Performance

Shares of NASDAQ SGA traded down $0.19 during trading hours on Friday, reaching $12.00. The stock had a trading volume of 199 shares, compared to its average volume of 9,850. The company has a market cap of $77.25 million, a price-to-earnings ratio of 36.35 and a beta of 0.26. Saga Communications has a twelve month low of $10.75 and a twelve month high of $14.27. The business’s fifty day moving average is $12.36 and its two-hundred day moving average is $12.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.76 and a quick ratio of 2.76.

Saga Communications (NASDAQ:SGA) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.29). The business had revenue of $28.17 million during the quarter, compared to analyst estimates of $28.30 million. Saga Communications had a net margin of 1.91% and a return on equity of 1.27%. As a group, research analysts expect that Saga Communications will post 0.23 EPS for the current year.

About Saga Communications

Saga Communications, Inc, a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk.