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

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Monday, November 25th will be paid a dividend of 0.25 per share on Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Monday, November 25th.

Saga Communications has raised its dividend by an average of 46.2% annually over the last three years. Saga Communications has a dividend payout ratio of 208.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Shares of NASDAQ SGA opened at $11.80 on Tuesday. The stock has a fifty day moving average price of $14.07 and a two-hundred day moving average price of $15.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market cap of $73.87 million, a P/E ratio of 16.39 and a beta of 0.26. Saga Communications has a 1 year low of $11.71 and a 1 year high of $27.00.

About Saga Communications

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.