Saga Communications, Inc. (SGA) to Issue Quarterly Dividend of $0.25 on March 20th

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Thursday, February 26th will be paid a dividend of 0.25 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Thursday, February 26th.

Saga Communications has increased its dividend by an average of 0.1%annually 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. Equities research 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 Price Performance

SGA stock opened at $11.87 on Tuesday. The firm has a market cap of $76.44 million, a P/E ratio of 237.40 and a beta of -0.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.74 and a current ratio of 2.74. Saga Communications has a 1 year low of $10.68 and a 1 year high of $14.27. The stock has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $11.98.

Saga Communications Company Profile

Saga Communications, Inc (NASDAQ: SGA) is an independent radio broadcasting company that owns and operates a portfolio of local radio stations across the United States. Headquartered in Grosse Pointe Farms, Michigan, the company focuses on full‐service radio properties offering a variety of formats, including music, news‐talk and sports programming. In addition to traditional over‐the‐air broadcasts, Saga leverages web streaming and mobile platforms to broaden listener reach and provide advertisers with multimedia opportunities.

Founded in 1985 by Edward J.