DallasNews Co. (NASDAQ:DALN – Get Rating) declared a quarterly dividend on Thursday, September 22nd, Zacks reports. Stockholders of record on Thursday, November 10th will be paid a dividend of 0.16 per share on Friday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 13.85%. The ex-dividend date of this dividend is Wednesday, November 9th.
DallasNews Stock Performance
Shares of DALN stock traded down $0.04 during mid-day trading on Friday, hitting $4.62. 30,520 shares of the stock traded hands, compared to its average volume of 91,893. DallasNews has a twelve month low of $4.60 and a twelve month high of $8.49. The firm has a market cap of $24.72 million, a price-to-earnings ratio of -19.25 and a beta of 0.54. The company's 50-day simple moving average is $6.63 and its 200-day simple moving average is $6.64.
Get DallasNews alerts:DallasNews (NASDAQ:DALN – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.45) earnings per share for the quarter. The company had revenue of $37.57 million for the quarter. DallasNews had a negative return on equity of 13.69% and a negative net margin of 0.84%.
Institutional Trading of DallasNews
A hedge fund recently raised its stake in DallasNews stock. Bank of America Corp DE lifted its holdings in DallasNews Co. (NASDAQ:DALN – Get Rating) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,449 shares of the company's stock after buying an additional 8,157 shares during the period. Bank of America Corp DE owned about 1.37% of DallasNews worth $515,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 38.93% of the company's stock.Analysts Set New Price Targets
Separately, TheStreet lowered DallasNews from a "c-" rating to a "d+" rating in a research note on Thursday, July 7th.
About DallasNews
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DallasNews Corporation, together with its subsidiaries, operates as a local news and information publishing company in Texas. The company publishes The Dallas Morning News, a newspaper; Briefing, a newspaper; and Al Dia, a Spanish-language newspaper, as well as operates related websites and mobile applications.
Further Reading
- Get a free copy of the StockNews.com research report on DallasNews (DALN)
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