Townsquare Media, Inc. (NYSE:TSQ) Shareholders to Get $0.20 Quarterly Dividend

Townsquare Media, Inc. (NYSE:TSQ) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Monday, October 26th will be paid a dividend of $0.20 per share on Monday, November 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 20.9%. The ex-dividend date is Monday, October 26th.

Townsquare Media has raised its dividend payment by an average of 0.6% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Townsquare Media has a dividend payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Townsquare Media to earn $0.41 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 195.1%.

Townsquare Media Price Performance

Shares of NYSE TSQ traded up $0.01 during midday trading on Friday, reaching $3.83. 267,504 shares of the stock were exchanged, compared to its average volume of 107,972. Townsquare Media has a 12 month low of $3.61 and a 12 month high of $7.97. The company has a market capitalization of $69.85 million, a price-to-earnings ratio of -1.33 and a beta of 1.27. The business has a 50-day simple moving average of $4.97 and a two-hundred day simple moving average of $5.95.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $114.74 million. Townsquare Media had a negative net margin of 11.82% and a negative return on equity of 5.59%. Equities research analysts expect that Townsquare Media will post 0.34 earnings per share for the current fiscal year.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a local media and digital marketing company serving small and mid-sized communities across the United States. The company operates local radio stations and produces community-focused content through websites, mobile applications, email newsletters, podcasts and other digital channels.

Townsquare generates advertising and subscription-related revenue by offering businesses access to local audiences across broadcast, online and mobile platforms. Its services include on-air advertising, digital display and video advertising, search engine marketing, social media marketing, website development and other digital marketing solutions.

The company also develops and promotes local events and provides additional marketing services through its Townsquare Interactive business.