Don’t look now, but long-term investors in Beasley Broadcast Group shares may be ready to have an extra glass of champagne come New Year’s Eve.
As of today, the company’s stock is at a five-year high.
With less than an hour to go in Tuesday’s trading (12/19), shares in BBGI were at $13.53. That tops an April 1 showing of $13.15, and comes some 15 days after Beasley announced a quarter cash dividend of $0.045 per share.
The dividend is payable on Jan. 5, 2018, to shareholders of record on Dec. 29, 2017.
The current stock price for Beasley culminates a strong six-week recovery on Wall Street. On Oct. 1, BBGI stock was at $9.45 and suffering from six months of instability that erased healthy and steady growth experienced across 2016.
For shareholders who have owned Beasley stock for two years, the rewards are particularly strong: BBGI on Jan. 1, 2016 was at $3.47 per share.
RBR+TVBR readers can view in real time how media stocks are faring on Wall Street by visiting our homepage at RBR.com. The Wall Street Report features the day’s closing prices each business day from 4:10pm Eastern.