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

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be given a dividend of 0.1975 per share on Saturday, February 1st. This represents a $0.79 annualized dividend and a dividend yield of 7.92%. The ex-dividend date of this dividend is Tuesday, January 21st.

Townsquare Media has a dividend payout ratio of 78.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Townsquare Media to earn $0.99 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 79.8%.

Townsquare Media Stock Performance

TSQ traded down $0.17 during trading on Friday, hitting $9.98. 40,926 shares of the stock were exchanged, compared to its average volume of 51,611. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media has a 1-year low of $8.60 and a 1-year high of $13.57. The stock has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $10.78. The firm has a market capitalization of $153.63 million, a P/E ratio of -3.68, a PEG ratio of 0.88 and a beta of 1.36.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.28). The business had revenue of $118.23 million for the quarter, compared to analyst estimates of $117.99 million. Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. As a group, sell-side analysts predict that Townsquare Media will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSQ shares. Barrington Research reissued an "outperform" rating and set a $17.00 price target on shares of Townsquare Media in a report on Thursday. StockNews.com lowered Townsquare Media from a "buy" rating to a "hold" rating in a report on Thursday, August 8th.

Insider Buying and Selling

In related news, COO Erik Hellum sold 18,166 shares of Townsquare Media stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $10.05, for a total value of $182,568.30. Following the sale, the chief operating officer now directly owns 562,680 shares in the company, valued at $5,654,934. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Erik Hellum sold 18,166 shares of Townsquare Media stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the completion of the sale, the chief operating officer now directly owns 562,680 shares in the company, valued at approximately $5,654,934. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen A. Kaplan purchased 50,000 shares of the company's stock in a transaction dated Friday, September 20th. The stock was purchased at an average price of $10.41 per share, with a total value of $520,500.00. Following the transaction, the director now owns 137,808 shares of the company's stock, valued at approximately $1,434,581.28. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 28,585 shares of company stock valued at $289,812 over the last ninety days. Corporate insiders own 30.50% of the company's stock.

Townsquare Media Company Profile

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.