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

Entravision Communications Co. (NYSE:EVC - Get Free Report) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Investors 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 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 increased its dividend by an average of 17.0% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Entravision Communications Stock Down 2.4 %

EVC traded down $0.05 during midday trading on Friday, reaching $2.25. 960,755 shares of the company were exchanged, compared to its average volume of 898,313. Entravision Communications has a one year low of $1.33 and a one year high of $6.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.42 and a current ratio of 1.42. The company's fifty day moving average price is $2.10 and its 200 day moving average price is $3.35. The company has a market cap of $200.97 million, a price-to-earnings ratio of -12.47 and a beta of 0.97.

Entravision Communications (NYSE:EVC - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $309.70 million. Entravision Communications had a negative net margin of 1.39% and a negative return on equity of 5.79%. As a group, analysts expect that Entravision Communications will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EVC shares. StockNews.com upgraded Entravision Communications from a "sell" rating to a "hold" rating in a research note on Monday, March 18th. TheStreet lowered shares of Entravision Communications from a "c" rating to a "d+" rating in a research report on Wednesday, March 6th.

Insider Activity

In other Entravision Communications news, CEO Michael J. Christenson acquired 100,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were bought at an average price of $1.67 per share, for a total transaction of $167,000.00. Following the completion of the transaction, the chief executive officer now owns 1,402,170 shares of the company's stock, valued at approximately $2,341,623.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.99% of the stock is owned by company insiders.

Entravision Communications Company Profile

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.

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