Saga Communications Inc. (SGA) Declares Quarterly Dividend of $0.20
Saga Communications (NYSE:SGA) announced a quarterly dividend on Monday, June 30th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, July 11th will be paid a dividend of 0.20 per share on Friday, July 25th. This represents a $0.80 annualized dividend and a dividend yield of 2.14%.
On a related note, analysts at TheStreet downgraded shares of Saga Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.
Saga Communications (NYSE:SGA) opened at 41.31 on Monday. Saga Communications has a 1-year low of $36.76 and a 1-year high of $55.00. The stock has a 50-day moving average of $42.21 and a 200-day moving average of $46.95. The company has a market cap of $237.4 million and a P/E ratio of 16.29.
Saga Communications (NYSE:SGA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.05. The company had revenue of $29.42 million for the quarter, compared to the consensus estimate of $29.44 million. Analysts expect that Saga Communications will post $2.77 EPS for the current fiscal year.
Saga Communications, Inc is a broadcast company primarily engaged in acquiring, developing and operating radio and television stations.
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