Beasley Broadcast Group Inc (NASDAQ:BBGI) announced a quarterly dividend on Friday, August 24th, Wall Street Journal reports. Stockholders of record on Friday, September 28th will be paid a dividend of 0.05 per share on Friday, October 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 27th.

Beasley Broadcast Group has increased its dividend payment by an average of 10.1% per year over the last three years.

Shares of Beasley Broadcast Group stock opened at $6.65 on Friday. Beasley Broadcast Group has a 1-year low of $6.00 and a 1-year high of $14.40. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.77. The company has a market cap of $189.10 million, a PE ratio of 10.26 and a beta of 0.55.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.18 earnings per share for the quarter. Beasley Broadcast Group had a net margin of 33.09% and a return on equity of 8.35%. The company had revenue of $61.63 million during the quarter.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Beasley Broadcast Group from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. ValuEngine downgraded shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th.

In related news, major shareholder Cristina Bordes sold 1,954,748 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $7.05, for a total transaction of $13,780,973.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie L. Bordes sold 439,425 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $7.05, for a total transaction of $3,097,946.25. The disclosure for this sale can be found here. Corporate insiders own 61.60% of the company’s stock.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc, a radio broadcasting company, operates radio stations in the United States. As of February 12, 2018, it owned and operated 63 stations, including 45 FM and 18 AM stations in 15 large- and mid-size markets. The company was founded in 1961 and is headquartered in Naples, Florida.

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Dividend History for Beasley Broadcast Group (NASDAQ:BBGI)

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