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. Investors 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 annualized dividend and a yield of 6.84%. The ex-dividend date is Wednesday, September 25th.

Saga Communications has raised its dividend payment by an average of 46.2% annually over the last three years. Saga Communications has a payout ratio of 208.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 %

Shares of SGA stock opened at $14.63 on Friday. The company has a market cap of $91.58 million, a PE ratio of 13.06 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.69 and a quick ratio of 2.69. The stock’s 50 day simple moving average is $15.07 and its two-hundred day simple moving average is $18.63. Saga Communications has a 1 year low of $14.06 and a 1 year high of $27.00.

Saga Communications (NASDAQ:SGA) last announced its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.23). The firm had revenue of $28.74 million during 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 prior year, the company posted $0.55 earnings per share. Research analysts predict that Saga Communications will post 0.49 earnings per share for the current 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.