Entravision Communications Co. to Issue Quarterly Dividend of $0.05 (NYSE:EVC)

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

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

Entravision Communications Trading Down 2.4 %

EVC opened at $2.25 on Friday. The firm has a 50 day moving average price of $2.10 and a 200 day moving average price of $3.35. Entravision Communications has a 1 year low of $1.33 and a 1 year high of $6.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.42 and a quick ratio of 1.42.

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

Insider Buying and Selling at Entravision Communications

In other news, CEO Michael J. Christenson acquired 100,000 shares of the stock in a transaction on Thursday, March 7th. The stock was bought at an average price of $1.67 per share, with a total value of $167,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,402,170 shares of the company’s stock, valued at $2,341,623.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.