Salem Media Group Inc (NASDAQ:SALM) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Investors of record on Wednesday, March 14th will be given a dividend of 0.065 per share on Wednesday, March 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Tuesday, March 13th.
Salem Media Group stock opened at $3.95 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $103.34, a PE ratio of 17.95 and a beta of 1.18. Salem Media Group has a fifty-two week low of $3.90 and a fifty-two week high of $8.25.
An institutional investor recently raised its position in Salem Media Group stock. State Street Corp raised its stake in Salem Media Group Inc (NASDAQ:SALM) by 17.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,513 shares of the company’s stock after purchasing an additional 22,696 shares during the quarter. State Street Corp owned approximately 0.57% of Salem Media Group worth $1,061,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.46% of the company’s stock.
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Salem Media Group Company Profile
Salem Media Group, Inc, formerly Salem Communications Corporation, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing.
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