Entravision Communication (EVC) to Issue $0.05 Quarterly Dividend

Entravision Communication (NYSE:EVC) declared a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.05 per share on Monday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, December 13th.

Entravision Communication has raised its dividend by an average of 17.6% annually over the last three years and has raised its dividend every year for the last 4 years. Entravision Communication has a payout ratio of 142.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Entravision Communication to earn $0.09 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 222.2%.

Shares of EVC opened at $4.37 on Friday. The stock has a market cap of $468.22 million, a PE ratio of 2.53 and a beta of 1.22. The company has a quick ratio of 5.60, a current ratio of 5.60 and a debt-to-equity ratio of 0.87. Entravision Communication has a 12-month low of $3.90 and a 12-month high of $7.90.

Entravision Communication (NYSE:EVC) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). The business had revenue of $74.60 million for the quarter, compared to the consensus estimate of $75.62 million. Entravision Communication had a net margin of 31.54% and a return on equity of 46.10%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. On average, equities analysts forecast that Entravision Communication will post 0.14 earnings per share for the current year.

A number of brokerages have recently issued reports on EVC. Noble Financial reiterated a “buy” rating on shares of Entravision Communication in a research report on Thursday. ValuEngine upgraded Entravision Communication from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $5.75.

In other news, CFO Christopher T. Young sold 50,374 shares of Entravision Communication stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $5.45, for a total transaction of $274,538.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.99% of the company’s stock.

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About Entravision Communication

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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Dividend History for Entravision Communication (NYSE:EVC)

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