Saga Communications, Inc. Plans Quarterly Dividend of $0.30 (SGA)
Saga Communications, Inc. (NYSEMKT:SGA) declared a quarterly dividend on Wednesday, September 13th, RTT News reports. Stockholders of record on Monday, September 25th will be paid a dividend of 0.30 per share on Friday, October 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%.
Shares of Saga Communications (NYSEMKT SGA) traded up 1.03% during trading on Wednesday, hitting $43.95. The stock had a trading volume of 22,021 shares. The firm has a market cap of $259.61 million, a PE ratio of 15.40 and a beta of 1.55. The stock has a 50 day moving average of $40.61 and a 200 day moving average of $46.90. Saga Communications has a 52-week low of $37.75 and a 52-week high of $52.05.
Saga Communications (NYSEMKT:SGA) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.57 earnings per share for the quarter. The company had revenue of $30.26 million during the quarter. Saga Communications had a net margin of 11.15% and a return on equity of 9.60%. On average, equities analysts anticipate that Saga Communications will post $2.21 EPS for the current year.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Saga Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. ValuEngine cut shares of Saga Communications from a “buy” rating to a “hold” rating in a report on Friday, July 14th.
An institutional investor recently raised its position in Saga Communications stock. State Street Corp lifted its position in shares of Saga Communications, Inc. (NYSEMKT:SGA) by 8.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,031 shares of the company’s stock after buying an additional 4,769 shares during the quarter. State Street Corp owned approximately 1.05% of Saga Communications worth $2,838,000 at the end of the most recent quarter.
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Saga Communications Company Profile
Saga Communications, Inc is a broadcast company engaged in acquiring, developing and operating broadcast properties. The Company’s segments are Radio, Television, and Corporate and Other. As of February 28, 2017, it owned and/or operated four television stations and five low-power television (LPTV) stations serving two markets, and 68 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving 24 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri.
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