Separately, TheStreet raised Saga Communications from a c rating to a b- rating in a research report on Tuesday, August 8th.
Saga Communications Stock Down 0.1 %
Saga Communications Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Friday, November 24th. Saga Communications’s payout ratio is 54.05%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. EA Series Trust acquired a new stake in Saga Communications in the second quarter valued at $317,000. Martin & Co. Inc. TN bought a new position in shares of Saga Communications during the 1st quarter worth approximately $873,000. Royce & Associates LP lifted its position in shares of Saga Communications by 15.4% during the 1st quarter. Royce & Associates LP now owns 180,247 shares of the company’s stock worth $4,007,000 after buying an additional 24,078 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Saga Communications in the 1st quarter worth approximately $259,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Saga Communications in the 4th quarter worth approximately $241,000. 58.18% of the stock is currently owned by institutional investors.
Saga Communications Company Profile
Saga Communications, Inc, a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk.
- Five stocks we like better than Saga Communications
- What is the Shanghai Stock Exchange Composite Index?
- The most upgraded stocks in November have two things in common
- Election Stocks: How Elections Affect the Stock Market
- Monday.com rocked earnings like it’s the weekend
- Investing in Commodities: What Are They? How to Invest in Them
- Plan to own one retailer? Make it this one
Receive News & Ratings for Saga Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saga Communications and related companies with MarketBeat.com's FREE daily email newsletter.