Entravision Communication (NYSE:EVC) announced a quarterly dividend on Monday, November 6th, Wall Street Journal reports. Investors of record on Thursday, December 14th will be given a dividend of 0.05 per share on Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, December 13th.

Entravision Communication has increased its dividend payment by an average of 71.0% per year over the last three years and has increased its dividend every year for the last 3 years. Entravision Communication has a 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. Research analysts expect Entravision Communication to earn $0.20 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 100.0%.

Entravision Communication (NYSE EVC) opened at $7.40 on Friday. Entravision Communication has a twelve month low of $4.90 and a twelve month high of $7.60. The stock has a market capitalization of $666.02, a P/E ratio of 3.98 and a beta of 1.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.93 and a quick ratio of 6.93.

Entravision Communication (NYSE:EVC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $1.69. Entravision Communication had a return on equity of 75.49% and a net margin of 31.96%. The company had revenue of $70.60 million during the quarter, compared to the consensus estimate of $70.43 million. During the same period in the previous year, the company posted $0.06 earnings per share. Entravision Communication’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts predict that Entravision Communication will post 0.09 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded Entravision Communication from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded Entravision Communication from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Noble Financial reissued a “buy” rating on shares of Entravision Communication in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.00.

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About Entravision Communication

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 Communication (NYSE:EVC)

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