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

Saga Communications, Inc. (NASDAQ:SGA) announced a quarterly dividend on Thursday, February 12th. Stockholders 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 8.9%. The ex-dividend date 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 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 Trading Down 0.4%

NASDAQ:SGA opened at $11.19 on Friday. The stock has a market cap of $72.06 million, a price-to-earnings ratio of 223.80 and a beta of -0.02. Saga Communications has a one year low of $10.68 and a one year high of $14.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.74 and a current ratio of 2.74. The business’s 50-day simple moving average is $11.38 and its 200 day simple moving average is $12.04.

About Saga Communications

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.