Townsquare Media, Inc. (NYSE:TSQ) Increases Dividend to $0.20 Per Share

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) declared a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.20 per share on Thursday, May 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date is Thursday, April 17th. This is a 1.3% increase from Townsquare Media's previous quarterly dividend of $0.20.

Townsquare Media has a payout ratio of 45.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Townsquare Media to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.79 annual dividend with an expected future payout ratio of 61.2%.

Townsquare Media Trading Up 0.4 %

Shares of TSQ stock traded up $0.03 during trading on Friday, reaching $7.89. 131,139 shares of the company's stock traded hands, compared to its average volume of 57,029. The firm's 50-day moving average is $8.67 and its 200 day moving average is $9.51. The company has a market capitalization of $122.73 million, a P/E ratio of -2.91, a PEG ratio of 0.58 and a beta of 1.33. Townsquare Media has a 1 year low of $7.56 and a 1 year high of $13.57.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The company had revenue of $117.81 million during the quarter, compared to analysts' expectations of $116.41 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts predict that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSQ. Noble Financial restated an "outperform" rating and issued a $21.00 price objective on shares of Townsquare Media in a research report on Friday, January 24th. StockNews.com lowered shares of Townsquare Media from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Barrington Research reissued an "outperform" rating and set a $15.00 target price on shares of Townsquare Media in a research note on Tuesday.

Insider Activity at Townsquare Media

In related news, EVP Scott Schatz sold 5,000 shares of Townsquare Media stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $9.64, for a total transaction of $48,200.00. Following the sale, the executive vice president now directly owns 38,068 shares in the company, valued at $366,975.52. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 14,594 shares of company stock worth $138,632 over the last 90 days. 30.50% of the stock is owned by company insiders.

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.