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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services. The Digital Advertising segment provides digital advertising on its owned and operated digital properties, and digital programmatic advertising platforms, as well as data analytics and management platform. The Broadcast Advertising segment engages in the sale of local radio stations to local, regional, and national spot advertisers, and national network advertisers. As of December 31, 2021, this segment owned and operated 322 radio stations and approximately 330 local websites in 67 local markets. It also owns and operates approximately 200 live events, including concerts, expositions, and other experiential events; and operates local media under the WYRK.com, WJON.com, and NJ101.5.com brands, as well as national music under the XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com brands. The company was formerly known as Regent Communications, Inc. and changed its name to Townsquare Media, Inc. in May 2010. Townsquare Media, Inc. was incorporated in 1996 and is headquartered in Purchase, New York.
Townsquare Media Dividend Announcement
• Townsquare Media announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2025-02-01. Ex dividend date: 2025-01-21
• Townsquare Media's trailing twelve-month (TTM) dividend yield is 7.7%
• Townsquare Media's payout ratio for the trailing twelve months (TTM) is -31.51%
Townsquare Media Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2025-01-21 | $0.20 | quarterly | 2025-02-01 |
2024-10-15 | $0.20 | quarterly | 2024-11-01 |
2024-07-15 | $0.20 | quarterly | 2024-08-01 |
2024-04-04 | $0.20 | quarterly | 2024-05-01 |
2023-12-29 | $0.19 | quarterly | 2024-02-01 |
2023-09-29 | $0.19 | quarterly | 2023-11-01 |
2023-06-29 | $0.19 | quarterly | 2023-08-01 |
2023-03-24 | $0.19 | quarterly | 2023-05-01 |
2020-04-01 | $0.07 | quarterly | 2020-05-15 |
2019-12-26 | $0.07 | quarterly | 2020-02-14 |
2019-09-25 | $0.07 | quarterly | 2019-11-15 |
2019-06-27 | $0.07 | quarterly | 2019-08-15 |
2019-04-01 | $0.07 | quarterly | 2019-05-15 |
2018-12-26 | $0.07 | quarterly | 2019-02-15 |
2018-09-26 | $0.07 | quarterly | 2018-11-15 |
2018-06-27 | $0.07 | quarterly | 2018-08-15 |
2018-03-29 | $0.07 | quarterly | 2018-05-15 |
Townsquare Media Dividend per year
Townsquare Media Dividend growth
Townsquare Media Dividend Yield
Townsquare Media current trailing twelve-month (TTM) dividend yield is 7.7%. Interested in purchasing Townsquare Media stock? Use our calculator to estimate your expected dividend yield:
Townsquare Media Financial Ratios
Townsquare Media Dividend FAQ
Other factors to consider when evaluating Townsquare Media as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Townsquare Media's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Townsquare Media publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Townsquare Media distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Townsquare Media are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Townsquare Media sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Townsquare Media distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Townsquare Media declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Townsquare Media's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Townsquare Media's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.