Saga Communications, Inc. to Issue Quarterly Dividend of $0.25 (NASDAQ:SGA)

Key Points

• Saga Communications, Inc. has declared a quarterly dividend of $0.25 per share, payable on August 19th to shareholders recorded by August 26th, offering an annualized yield of 7.7%.
• The company's dividend payout ratio is currently 135.1%, indicating reliance on its balance sheet for dividend payments, with a projected future payout ratio of 208.3%.
• Saga Communications reported $0.18 earnings per share last quarter, below the expected $0.19, alongside a revenue of $28.23 million, which also missed analyst expectations.

Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Tuesday, August 26th will be paid a dividend of 0.25 per share on Tuesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, August 26th.

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. Equities 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 SGA stock traded down $0.38 during mid-day trading on Monday, reaching $13.07. The stock had a trading volume of 2,864 shares, compared to its average volume of 10,617. Saga Communications has a 12-month low of $10.75 and a 12-month high of $15.58. The company has a market cap of $84.17 million, a P/E ratio of 39.61 and a beta of 0.32. The business has a 50-day simple moving average of $12.91 and a 200 day simple moving average of $12.30. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.03.

Saga Communications (NASDAQ:SGA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The company had revenue of $28.23 million for the quarter, compared to analysts' expectations of $28.55 million. Saga Communications had a return on equity of 1.27% and a net margin of 1.91%. On average, sell-side analysts anticipate that Saga Communications will post 0.23 earnings per share for the current year.

Saga Communications Company Profile

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.