Entravision Communications Co. (NYSE:EVC) Declares $0.05 Quarterly Dividend

Entravision Communications Co. (NYSE:EVC) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.05 per share on Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 8.91%. The ex-dividend date is Friday, June 14th.

Entravision Communications has raised its dividend payment by an average of 17.0% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Entravision Communications Price Performance

Shares of Entravision Communications stock opened at $2.25 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.90. Entravision Communications has a 52-week low of $1.33 and a 52-week high of $6.31. The stock has a 50-day simple moving average of $2.10 and a 200-day simple moving average of $3.35.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.21) earnings per share (EPS) for the quarter. Entravision Communications had a negative net margin of 5.79% and a negative return on equity of 7.31%. The firm had revenue of $320.06 million for the quarter, compared to analyst estimates of $309.70 million. On average, research analysts anticipate that Entravision Communications will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EVC shares. TheStreet downgraded Entravision Communications from a “c” rating to a “d+” rating in a research note on Wednesday, March 6th. StockNews.com raised Entravision Communications from a “sell” rating to a “hold” rating in a research note on Monday, March 18th.

Insider Activity at Entravision Communications

In related news, CEO Michael J. Christenson acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of $1.67 per share, with a total value of $167,000.00. Following the purchase, the chief executive officer now owns 1,402,170 shares of the company’s stock, valued at $2,341,623.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.99% of the stock is owned by company insiders.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.