Saga Communications, Inc. (NASDAQ:SGA) Announces $0.25 Quarterly Dividend

Saga Communications, Inc. (NASDAQ:SGA) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.25 per share on Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Tuesday, February 18th.

Saga Communications has raised its dividend payment by an average of 27.7% annually over the last three years.

Saga Communications Stock Down 0.2 %

Saga Communications stock opened at $12.81 on Friday. Saga Communications has a fifty-two week low of $10.75 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64. The company has a market capitalization of $80.19 million, a P/E ratio of 17.79 and a beta of 0.27. The stock has a 50-day simple moving average of $11.97 and a 200-day simple moving average of $13.53.

Saga Communications (NASDAQ:SGA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. The firm had revenue of $28.12 million during the quarter, compared to the consensus estimate of $28.70 million. Saga Communications had a return on equity of 3.22% and a net margin of 4.24%. During the same period in the prior year, the business earned $0.45 EPS. Equities research analysts expect that Saga Communications will post 0.23 earnings per share for the current year.

Insider Buying and Selling at Saga Communications

In other news, major shareholder Gate City Capital Management, purchased 240,609 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average price of $11.25 per share, for a total transaction of $2,706,851.25. Following the acquisition, the insider now directly owns 863,845 shares in the company, valued at approximately $9,718,256.25. The trade was a 38.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward K. Christian Trust sold 2,326 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $12.10, for a total value of $28,144.60. Following the completion of the sale, the insider now owns 962,280 shares in the company, valued at approximately $11,643,588. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,542 shares of company stock valued at $43,597 in the last ninety days. Insiders own 21.90% of the company’s stock.

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.