Saga Communications, Inc. (SGA) To Go Ex-Dividend on May 22nd

Saga Communications, Inc. (NASDAQ:SGA – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, May 22nd will be given a dividend of 0.25 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, May 22nd.

Saga Communications has raised its dividend by an average of 0.3%per year over the last three years. Saga Communications has a dividend payout ratio of 135.1% meaning 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 ($0.36) 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 -277.8%.

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Saga Communications Stock Down 0.6%

Saga Communications stock opened at $9.99 on Wednesday. The stock has a market cap of $63.54 million, a PE ratio of -7.40 and a beta of -0.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.81 and a current ratio of 2.81. Saga Communications has a one year low of $9.90 and a one year high of $14.27. The stock has a fifty day moving average of $11.34 and a 200 day moving average of $11.51.

Saga Communications (NASDAQ:SGA – Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $1.23. The company had revenue of $26.51 million during the quarter, compared to analysts’ expectations of $27.70 million. Saga Communications had a positive return on equity of 3.88% and a negative net margin of 8.24%. As a group, sell-side analysts predict that Saga Communications will post -0.57 EPS for the current year.

Saga Communications Company Profile

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Saga Communications, Inc (NASDAQ: SGA) is an independent radio broadcasting company that owns and operates a portfolio of local radio stations across the United States. Headquartered in Grosse Pointe Farms, Michigan, the company focuses on full‐service radio properties offering a variety of formats, including music, news‐talk and sports programming. In addition to traditional over‐the‐air broadcasts, Saga leverages web streaming and mobile platforms to broaden listener reach and provide advertisers with multimedia opportunities.

Founded in 1985 by Edward J.

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