Entravision Communications Co. (EVC) To Go Ex-Dividend on June 14th

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 paid a dividend of 0.05 per share on Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 8.91%. The ex-dividend date is Friday, June 14th.

Entravision Communications has increased its dividend payment 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 Stock Performance

Entravision Communications stock opened at $2.25 on Friday. The stock’s fifty day moving average price is $2.10 and its two-hundred day moving average price is $3.35. 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.

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

Insiders Place Their Bets

In other news, CEO Michael J. Christenson purchased 100,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were purchased at an average cost of $1.67 per share, with a total value of $167,000.00. Following the completion of the purchase, the chief executive officer now owns 1,402,170 shares of the company’s stock, valued at approximately $2,341,623.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EVC. StockNews.com upgraded Entravision Communications from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. TheStreet cut 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.