Saga Communications, Inc. (SGA) To Go Ex-Dividend on February 18th

Saga Communications, Inc. (NASDAQ:SGA) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.25 per share on Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Tuesday, February 18th.

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

Saga Communications Stock Performance

NASDAQ SGA opened at $12.81 on Friday. The stock has a market capitalization of $80.19 million, a price-to-earnings ratio of 17.79 and a beta of 0.27. Saga Communications has a twelve month low of $10.75 and a twelve month high of $24.70. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $11.97 and a 200 day moving average of $13.53.

Saga Communications (NASDAQ:SGA) last announced its earnings results on Thursday, November 7th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Saga Communications had a return on equity of 3.22% and a net margin of 4.24%. The business had revenue of $28.12 million during the quarter, compared to analysts’ expectations of $28.70 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that Saga Communications will post 0.23 EPS for the current fiscal year.

Insider Activity at Saga Communications

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

About Saga Communications

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.