A Wall Street Blog Questions Beasley’s Dividend Lure


MIAMI BEACH — It’s been a challenging 52 weeks on Wall Street for Beasley Media Group, the Naples, Fla.-based radio broadcasting company that is rapidly broadening its profit sources by expanding into eSports and podcasting.

In November 2019, two 10-year lows were seen for the company’s stock. Today, it’s in a slow recovery and returns from the Dr. Martin Luther King Jr. Day holiday with a $3.36 opening price.

With a 1-year target estimate of $4.50, BBGI could be a bargain for some investors. The company’s 6% dividend may also be a big lure. Even so, Simply Wall Street asks if the dividend is “worth your time.”

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