Townsquare Media, Inc. (NYSE:TSQ) Announces Quarterly Dividend of $0.20

Townsquare Media, Inc. (NYSE:TSQ) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be given a dividend of 0.20 per share on Thursday, May 1st. This represents a $0.80 annualized dividend and a yield of 9.97%. The ex-dividend date is Thursday, April 17th. This is a 1.3% increase from Townsquare Media’s previous quarterly dividend of $0.20.

Townsquare Media has a payout ratio of 45.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Townsquare Media to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.79 annual dividend with an expected future payout ratio of 61.2%.

Townsquare Media Stock Down 1.4 %

Shares of TSQ stock traded down $0.12 during mid-day trading on Tuesday, reaching $8.03. 52,414 shares of the company’s stock traded hands, compared to its average volume of 56,528. Townsquare Media has a 12 month low of $7.56 and a 12 month high of $13.57. The company has a market cap of $124.76 million, a P/E ratio of -2.96, a P/E/G ratio of 0.58 and a beta of 1.33. The company’s 50-day moving average price is $8.77 and its 200-day moving average price is $9.57.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Monday, March 17th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The firm had revenue of $117.81 million for the quarter, compared to analysts’ expectations of $116.41 million. During the same quarter in the previous year, the business posted $0.34 EPS. Equities analysts predict that Townsquare Media will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

TSQ has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and set a $15.00 target price on shares of Townsquare Media in a report on Tuesday. Noble Financial reiterated an “outperform” rating and issued a $21.00 price target on shares of Townsquare Media in a research note on Friday, January 24th.

Insider Buying and Selling

In other Townsquare Media news, EVP Scott Schatz sold 4,594 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $9.65, for a total value of $44,332.10. Following the completion of the transaction, the executive vice president now owns 31,366 shares of the company’s stock, valued at approximately $302,681.90. The trade was a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,094 shares of company stock worth $191,807 in the last quarter. Corporate insiders own 30.50% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.