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

Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.25 per share on Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend is Tuesday, February 18th.

Saga Communications has increased its dividend by an average of 27.7% per year over the last three years.

Saga Communications Stock Performance

Shares of SGA traded up $0.03 during trading hours on Friday, reaching $12.84. 6,830 shares of the company traded hands, compared to its average volume of 13,304. 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 stock's fifty day moving average is $11.98 and its 200 day moving average is $13.50. Saga Communications has a 1-year low of $10.75 and a 1-year high of $24.70. The stock has a market cap of $80.38 million, a P/E ratio of 17.83 and a beta of 0.27.

Saga Communications (NASDAQ:SGA - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.07. Saga Communications had a return on equity of 3.22% and a net margin of 4.24%. The business had revenue of $28.12 million during the quarter, compared to analyst estimates of $28.70 million. During the same period in the prior year, the company posted $0.45 earnings per share. Equities research analysts anticipate that Saga Communications will post 0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Gate City Capital Management, bought 240,609 shares of Saga Communications stock in a transaction dated Tuesday, December 31st. The shares were bought at an average cost of $11.25 per share, for a total transaction of $2,706,851.25. Following the completion of the transaction, the insider now owns 863,845 shares of the company's stock, valued at approximately $9,718,256.25. This trade represents a 38.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Edward K. Christian Trust sold 2,326 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $12.10, for a total transaction of $28,144.60. Following the completion of the sale, the insider now directly owns 962,280 shares of the company's stock, valued at approximately $11,643,588. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,193 shares of company stock valued at $115,478. 21.90% of the stock is currently owned by insiders.

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.