Salem Media Group, Inc. ( SALM ) will begin trading ex-dividend on September 15, 2016. A cash dividend payment of $0.065 per share is scheduled to be paid on September 30, 2016. Shareholders who purchased SALM prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that SALM has paid the same dividend. At the current stock price of $6.11, the dividend yield is 4.26%.
The previous trading day's last sale of SALM was $6.11, representing a -25.21% decrease from the 52 week high of $8.17 and a 69.72% increase over the 52 week low of $3.60.
SALM is a part of the Consumer Services sector, which includes companies such as CBS Corporation ( CBS ) and Sirius XM Holdings Inc. ( SIRI ). SALM's current earnings per share, an indicator of a company's profitability, is $.42. Zacks Investment Research reports SALM's forecasted earnings growth in 2016 as -2.33%, compared to an industry average of 18.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.