Saga Communications - SGA Stock Forecast, Price & News

Saga Communications' stock was trading at $23.60 at the beginning of the year. Since then, SGA shares have decreased by 2.5% and is now trading at $23.00.
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Saga Communications saw a increase in short interest in March. As of March 15th, there was short interest totaling 8,300 shares, an increase of 88.6% from the February 28th total of 4,400 shares. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.
View Saga Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our SGA earnings forecast.

Saga Communications announced a quarterly dividend on Wednesday, March 1st. Investors of record on Monday, March 20th will be given a dividend of $0.25 per share on Friday, April 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, March 17th.
Read our dividend analysis for SGA.

Saga Communications (NASDAQ:SGA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.29%. SGA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 65.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SGA.

Saga Communications trades on the NASDAQ under the ticker symbol "SGA."

Saga Communications' stock is owned by a number of institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (6.32%), Dimensional Fund Advisors LP (5.96%), Minerva Advisors LLC (3.39%), Renaissance Technologies LLC (1.80%), Geode Capital Management LLC (0.82%) and Millennium Management LLC (0.35%). Insiders that own company stock include Towerview Llc and Warren S Lada.
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Shares of SGA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SGA stock can currently be purchased for approximately $23.00.

Saga Communications (NASDAQ:SGA) has a market capitalization of $140.76 million and generates $114.89 million in revenue each year. The company earns $9.20 million in net income (profit) each year or $1.52 on an earnings per share basis.

The company employs 570 workers across the globe.

Saga Communications' mailing address is 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI, 48236. The official website for the company is sagacom.com. The company can be reached via phone at (313) 886-7070, via email at sagair@sagacom.com, or via fax at 313-886-7150.