Saga Communications, Inc. (NASDAQ:SGA) Declares $0.25 Quarterly Dividend

Saga Communications, Inc. (NASDAQ:SGA) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.25 per share on Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 7.79%.

Saga Communications has increased its dividend payment by an average of 27.7% annually over the last three years.

Saga Communications Stock Up 1.1 %

Shares of NASDAQ SGA traded up $0.14 during mid-day trading on Wednesday, reaching $12.83. 14,210 shares of the company traded hands, compared to its average volume of 17,853. The company’s fifty day moving average is $11.98 and its two-hundred day moving average is $13.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64. Saga Communications has a fifty-two week low of $10.75 and a fifty-two week high of $24.70. The stock has a market cap of $80.32 million, a PE ratio of 17.82 and a beta of 0.27.

Saga Communications (NASDAQ:SGA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. The company had revenue of $28.12 million for the quarter, compared to the consensus estimate of $28.70 million. Saga Communications had a return on equity of 3.22% and a net margin of 4.24%. During the same quarter last year, the company posted $0.45 earnings per share. On average, analysts expect that Saga Communications will post 0.23 earnings per share for the current year.

Insider Activity at Saga Communications

In related news, major shareholder Gate City Capital Management, bought 240,609 shares of Saga Communications stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price of $11.25 per share, for a total transaction of $2,706,851.25. Following the completion of the purchase, the insider now owns 863,845 shares in the company, valued at approximately $9,718,256.25. This represents a 38.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Edward K. Christian Trust sold 2,326 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $12.10, for a total value of $28,144.60. Following the completion of the transaction, the insider now directly owns 962,280 shares of the company’s stock, valued at approximately $11,643,588. This trade represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,542 shares of company stock worth $43,597 in the last 90 days. 21.90% of the stock is owned by company insiders.

Saga Communications Company Profile

Saga Communications, Inc, a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk.