Saga Communications, Inc. (NASDAQ:SGA) Shares Will Pay Quarterly Dividend of $0.25

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.25 per share on Friday, December 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date of this dividend is Monday, November 23rd.

Saga Communications has increased its dividend by an average of 0.3% 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.

Saga Communications Stock Performance

SGA stock opened at $6.78 on Friday. The firm has a fifty day moving average price of $8.36 and a 200 day moving average price of $9.81. Saga Communications has a fifty-two week low of $6.62 and a fifty-two week high of $12.76. The firm has a market cap of $43.12 million, a PE ratio of -4.91 and a beta of -0.12.

Saga Communications (NASDAQ:SGA) last released its quarterly earnings results on Thursday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Saga Communications had a negative net margin of 8.55% and a positive return on equity of 3.87%. The business had revenue of $26.66 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Saga Communications in a report on Monday, August 17th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Saga Communications presently has an average rating of “Reduce”.

Saga Communications Company Profile

Saga Communications, Inc. is a broadcast media company that owns and operates radio stations in markets across the United States. Its stations offer a mix of programming formats, including music, news, talk, sports, and other locally focused content designed to serve regional audiences. In addition to traditional AM and FM broadcasting, Saga provides digital media and marketing services to advertisers. These services may include online audio, streaming, website and social media advertising, and other multimedia solutions that complement its radio platforms.