Townsquare Media, Inc. (NYSE:TSQ) to Issue Quarterly Dividend of $0.20

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. Stockholders of record on Monday, October 27th will be paid a dividend of 0.20 per share on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Monday, October 27th.

Townsquare Media has a dividend payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.6%

NYSE TSQ traded up $0.11 on Monday, hitting $6.75. 14,230 shares of the company traded hands, compared to its average volume of 85,733. Townsquare Media has a 52-week low of $6.47 and a 52-week high of $11.00. The business's 50 day moving average price is $7.45 and its 200-day moving average price is $7.66. The company has a market capitalization of $110.28 million, a price-to-earnings ratio of 3.34, a P/E/G ratio of 1.98 and a beta of 1.15.

Townsquare Media (NYSE:TSQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. Townsquare Media had a net margin of 7.93% and a negative return on equity of 56.87%. The company had revenue of $115.45 million for the quarter, compared to analyst estimates of $114.77 million. As a group, sell-side analysts predict that Townsquare Media will post 1.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TSQ shares. Barrington Research restated an "outperform" rating and set a $13.00 target price on shares of Townsquare Media in a research report on Thursday. Wall Street Zen lowered shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Noble Financial restated a "buy" rating and set a $21.00 price target on shares of Townsquare Media in a research report on Friday, May 9th.

About Townsquare Media

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.