Beasley Broadcast Group Inc. (bbgi) Announces Quarterly Dividend of $0.05
Beasley Broadcast Group Inc. (NASDAQ:bbgi) announced a quarterly dividend on Thursday, August 25th. Stockholders of record on Friday, September 30th will be given a dividend of 0.045 per share on Friday, October 7th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, September 28th.
Shares of Beasley Broadcast Group (NASDAQ:BBGI) opened at 5.41 on Friday. The stock has a market cap of $126.14 million, a price-to-earnings ratio of 18.22 and a beta of 0.36. Beasley Broadcast Group has a 52-week low of $2.75 and a 52-week high of $5.93. The stock’s 50 day moving average price is $5.18 and its 200-day moving average price is $4.50.
Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.11 earnings per share for the quarter. Beasley Broadcast Group had a net margin of 6.21% and a return on equity of 7.08%. The business earned $27.80 million during the quarter, compared to analysts’ expectations of $27 million. On average, analysts predict that Beasley Broadcast Group will post $0.53 earnings per share for the current fiscal year.
About Beasley Broadcast Group
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. The Company owns and operates approximately 50 radio stations in various radio markets, including Atlanta, Georgia; Augusta, Georgia; Boston, Massachusetts; Charlotte, North Carolina; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Greenville-New Bern-Jacksonville, North Carolina; Las Vegas, Nevada; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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