Saga Communications, Inc. (NYSEMKT:SGA) announced a quarterly dividend on Tuesday, November 22nd. Investors of record on Monday, December 5th will be paid a dividend of 0.30 per share on Friday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, December 1st.

Shares of Saga Communications (NYSEMKT:SGA) opened at 48.10 on Wednesday. The company has a 50 day moving average price of $45.60 and a 200 day moving average price of $42.85. Saga Communications has a 52 week low of $35.77 and a 52 week high of $49.05. The company has a market cap of $281.87 million, a PE ratio of 16.70 and a beta of 1.55.

Dividend History for Saga Communications (NYSEMKT:SGA)

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In other Saga Communications news, major shareholder Towerview Llc sold 5,000 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $48.60, for a total value of $243,000.00. Following the transaction, the insider now owns 1,285,000 shares of the company’s stock, valued at $62,451,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of institutional investors have recently added to or reduced their stakes in SGA. BlackRock Advisors LLC raised its position in Saga Communications by 12.7% in the third quarter. BlackRock Advisors LLC now owns 2,371 shares of the company’s stock valued at $108,000 after buying an additional 268 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Saga Communications by 702.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,881 shares of the company’s stock worth $114,000 after buying an additional 2,522 shares in the last quarter. Teachers Advisors Inc. raised its stake in Saga Communications by 7.1% in the second quarter. Teachers Advisors Inc. now owns 5,524 shares of the company’s stock worth $218,000 after buying an additional 366 shares in the last quarter. Rhumbline Advisers acquired a new stake in Saga Communications during the third quarter worth approximately $221,000. Finally, New York State Common Retirement Fund raised its stake in Saga Communications by 78.8% in the third quarter. New York State Common Retirement Fund now owns 5,900 shares of the company’s stock worth $268,000 after buying an additional 2,600 shares in the last quarter.

About Saga Communications

Saga Communications, Inc is a broadcast company primarily engaged in acquiring, developing and operating broadcast properties. The Company owns and/or operates over four television stations and over five low-power television stations serving approximately two markets, and over 67 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving approximately 20 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri.

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