Saga Communications, Inc. to Issue Quarterly Dividend of $0.25 (NASDAQ:SGA)

Saga Communications, Inc. (NASDAQ:SGA) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.25 per share on Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 7.79%.

Saga Communications has raised its dividend by an average of 27.7% per year over the last three years.

Saga Communications Price Performance

Shares of Saga Communications stock opened at $12.83 on Thursday. Saga Communications has a twelve month low of $10.75 and a twelve month high of $24.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market cap of $80.32 million, a P/E ratio of 17.82 and a beta of 0.27. The firm’s 50-day simple moving average is $11.97 and its 200-day simple moving average is $13.53.

Saga Communications (NASDAQ:SGA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. The company had revenue of $28.12 million for the quarter, compared to analyst estimates of $28.70 million. Saga Communications had a return on equity of 3.22% and a net margin of 4.24%. During the same period in the prior year, the company posted $0.45 EPS. As a group, research analysts expect that Saga Communications will post 0.23 EPS for the current fiscal year.

Insider Activity at Saga Communications

In other news, major shareholder Edward K. Christian Trust sold 2,326 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $12.10, for a total transaction of $28,144.60. Following the completion of the sale, the insider now owns 962,280 shares of the company’s stock, valued at approximately $11,643,588. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Gate City Capital Management, bought 240,609 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of $11.25 per share, with a total value of $2,706,851.25. Following the purchase, the insider now directly owns 863,845 shares of the company’s stock, valued at $9,718,256.25. The trade was a 38.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 3,542 shares of company stock valued at $43,597 in the last 90 days. 21.90% of the stock is owned by corporate insiders.

Saga Communications Company Profile

Saga Communications, Inc, a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk.