Saga Communications, Inc. (NASDAQ:SGA) Shareholders Set to Receive $0.25 Quarterly Dividend

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Thursday, November 12th. Shareholders of record on Monday, November 23rd will be paid 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 is Monday, November 23rd.

Saga Communications has increased its dividend by an average of 0.3% per year over the last three years. Saga Communications has a dividend 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

Shares of Saga Communications stock opened at $6.78 on Friday. Saga Communications has a 1 year low of $6.62 and a 1 year high of $12.76. The firm’s 50-day simple moving average is $8.36 and its 200-day simple moving average is $9.81. 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 issued its earnings results on Thursday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Saga Communications had a positive return on equity of 3.87% and a negative net margin of 8.55%. The business had revenue of $26.66 million during the quarter.

About Saga Communications

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.