Townsquare Media, Inc. (NYSE:TSQ) Shareholders to Collect $0.20 Quarterly Dividend

Townsquare Media, Inc. (NYSE:TSQ) announced 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 increased its dividend payment by an average of 0.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Townsquare Media has a dividend payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Equities 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%

NYSE:TSQ 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. The stock has a market cap of $69.85 million, a P/E ratio of -1.33 and a beta of 1.27. The firm’s fifty day moving average price is $4.97 and its two-hundred day moving average price is $5.95. Townsquare Media has a 12-month low of $3.61 and a 12-month high of $7.97.

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

Townsquare Media Company Profile

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.