Saga Communications, Inc. (SGA) To Go Ex-Dividend on September 25th

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Wednesday, September 11th, Wall Street Journal reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.25 per share on Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Wednesday, September 25th.

Saga Communications has increased its dividend payment by an average of 46.2% per year over the last three years. Saga Communications has a dividend payout ratio of 208.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Price Performance

Shares of NASDAQ:SGA opened at $14.51 on Monday. The firm has a market capitalization of $90.88 million, a PE ratio of 12.96 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 2.69. Saga Communications has a 52-week low of $14.06 and a 52-week high of $27.00. The firm has a fifty day moving average of $15.00 and a 200 day moving average of $18.24.

Saga Communications (NASDAQ:SGA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The firm had revenue of $28.74 million for the quarter. Saga Communications had a net margin of 5.51% and a return on equity of 4.00%. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, research analysts anticipate that Saga Communications will post 0.49 EPS for the current fiscal year.

About Saga Communications

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.