Townsquare Media, Inc. (TSQ) To Go Ex-Dividend on October 26th

Townsquare Media, Inc. (NYSE:TSQ) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Monday, October 26th will be given a dividend of $0.20 per share on Monday, November 2nd. This represents a $0.80 annualized dividend and a dividend yield of 20.9%. The ex-dividend date is Monday, October 26th.

Townsquare Media has raised 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 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 Trading Up 0.3%

Townsquare Media stock traded up $0.01 during mid-day trading on Friday, reaching $3.83. The company’s stock had a trading volume of 267,504 shares, compared to its average volume of 107,972. Townsquare Media has a twelve month low of $3.61 and a twelve month high of $7.97. The business has a 50 day moving average price of $4.97 and a 200-day moving average price of $5.95. The firm has a market cap of $69.85 million, a price-to-earnings ratio of -1.33 and a beta of 1.27.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Townsquare Media had a negative return on equity of 5.59% and a negative net margin of 11.82%. The business had revenue of $114.00 million for the quarter, compared to the consensus estimate of $114.74 million. On average, equities analysts expect that Townsquare Media will post 0.34 EPS for the current fiscal year.

About Townsquare Media

Townsquare Media, Inc (NYSE: TSQ) is a local media and digital marketing company serving small and mid-sized communities across the United States. The company operates local radio stations and produces community-focused content through websites, mobile applications, email newsletters, podcasts and other digital channels.

Townsquare generates advertising and subscription-related revenue by offering businesses access to local audiences across broadcast, online and mobile platforms. Its services include on-air advertising, digital display and video advertising, search engine marketing, social media marketing, website development and other digital marketing solutions.

The company also develops and promotes local events and provides additional marketing services through its Townsquare Interactive business.