Townsquare Media, Inc. (NYSE:TSQ) Announces $0.20 Quarterly Dividend

Key Points

• Townsquare Media, Inc. declared a $0.20 quarterly dividend with an ex-dividend date of October 27th, which will be paid to shareholders on November 3rd.
• The company's payout ratio is currently at 71.4%, indicating that the dividend is covered by earnings, with an expected future payout ratio of 62.0%.
• Townsquare Media's stock is trading at $6.69, which is near its 12-month low of $6.47, and has a market capitalization of $109.37 million.

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Monday, October 27th will be paid a dividend of 0.20 per share on Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Monday, October 27th.

Townsquare Media has a payout ratio of 71.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Townsquare Media to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 62.0%.

Townsquare Media Price Performance

Townsquare Media stock traded down $0.09 during mid-day trading on Thursday, hitting $6.69. 105,398 shares of the company were exchanged, compared to its average volume of 86,615. Townsquare Media has a 12-month low of $6.47 and a 12-month high of $11.52. The company has a market capitalization of $109.37 million, a P/E ratio of -5.03, a PEG ratio of 1.25 and a beta of 1.15. The business's 50 day simple moving average is $7.45 and its two-hundred day simple moving average is $7.71.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Townsquare Media had a negative net margin of 3.41% and a negative return on equity of 41.58%. The firm had revenue of $98.68 million during the quarter, compared to the consensus estimate of $98.50 million. Equities research analysts predict that Townsquare Media will post 1.07 earnings per share for the current year.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.

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