Townsquare Media, Inc. (NYSE:TSQ) Announces Quarterly Dividend of $0.20

Townsquare Media, Inc. (NYSE:TSQ) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Monday, July 27th will be paid a dividend of 0.20 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Monday, July 27th.

Townsquare Media has increased its dividend payment by an average of 0.6%per year over the last three years and has raised its dividend every year for the last 3 years. Townsquare Media has a dividend payout ratio of 71.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Townsquare Media to earn $0.41 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 195.1%.

Townsquare Media Price Performance

TSQ traded up $0.75 on Monday, reaching $7.30. 229,891 shares of the stock were exchanged, compared to its average volume of 165,880. The company’s 50-day moving average price is $6.37 and its 200 day moving average price is $5.97. Townsquare Media has a fifty-two week low of $4.30 and a fifty-two week high of $9.31. The firm has a market capitalization of $124.87 million, a PE ratio of -10.28, a PEG ratio of 1.42 and a beta of 1.18.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Townsquare Media had a negative return on equity of 13.74% and a negative net margin of 2.58%.The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $96.46 million. As a group, equities analysts forecast that Townsquare Media will post 0.38 earnings per share for the current fiscal year.

About Townsquare Media

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.