Entravision Communications Corporation (NYSE:EVC) announced a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Investors of record on Thursday, September 14th will be given a dividend of 0.05 per share on Friday, September 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Entravision Communications Corporation’s previous quarterly dividend of $0.03.

Entravision Communications Corporation has raised its dividend by an average of 71.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Entravision Communications Corporation has a dividend payout ratio of 222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Entravision Communications Corporation to earn $0.21 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 95.2%.

Shares of Entravision Communications Corporation (NYSE EVC) opened at 5.45 on Tuesday. The firm has a market cap of $492.78 million, a P/E ratio of 27.25 and a beta of 1.56. The company has a 50 day moving average price of $5.91 and a 200-day moving average price of $6.08. Entravision Communications Corporation has a 52-week low of $4.90 and a 52-week high of $7.74.

Entravision Communications Corporation (NYSE:EVC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Entravision Communications Corporation had a net margin of 7.03% and a return on equity of 10.05%. The business had revenue of $70.51 million during the quarter, compared to the consensus estimate of $67.59 million. During the same period in the previous year, the business posted $0.06 EPS. Entravision Communications Corporation’s revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that Entravision Communications Corporation will post $0.15 earnings per share for the current fiscal year.

Entravision Communications Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 2nd that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

In other Entravision Communications Corporation news, CRO Mario M. Carrera sold 70,702 shares of Entravision Communications Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $5.63, for a total transaction of $398,052.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christopher T. Young sold 14,616 shares of Entravision Communications Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $5.55, for a total transaction of $81,118.80. The disclosure for this sale can be found here. 20.72% of the stock is owned by company insiders.

Several brokerages recently weighed in on EVC. BidaskClub raised shares of Entravision Communications Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Macquarie reaffirmed a “hold” rating and issued a $7.00 price target on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. Finally, ValuEngine raised shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.00.

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About Entravision Communications Corporation

Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.

Dividend History for Entravision Communications Corporation (NYSE:EVC)

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