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

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 paid a dividend of 0.25 per share on Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 7.79%.

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

Saga Communications Trading Up 1.1 %

Shares of Saga Communications stock traded up $0.14 on Wednesday, hitting $12.83. 14,210 shares of the company’s stock traded hands, compared to its average volume of 17,853. The firm’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $13.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64. The stock has a market capitalization of $80.32 million, a PE ratio of 17.82 and a beta of 0.27. Saga Communications has a one year low of $10.75 and a one year high of $24.70.

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

Insider Transactions at Saga Communications

In other Saga Communications news, major shareholder Edward K. Christian Trust sold 2,326 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $12.10, for a total transaction of $28,144.60. Following the completion of the transaction, the insider now owns 962,280 shares in the company, valued at approximately $11,643,588. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gate City Capital Management, purchased 240,609 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of $11.25 per share, for a total transaction of $2,706,851.25. Following the completion of the acquisition, the insider now owns 863,845 shares of the company’s stock, valued at approximately $9,718,256.25. This represents a 38.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,542 shares of company stock valued at $43,597 over the last three months. 21.90% of the stock is currently owned by corporate 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.