Entravision Communication (NYSE:EVC) announced a quarterly dividend on Monday, March 11th, Wall Street Journal reports. Shareholders of record on Wednesday, March 20th will be paid a dividend of 0.05 per share on Friday, March 29th. This represents a $0.20 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Tuesday, March 19th.
Entravision Communication has raised its dividend payment by an average of 23.5% per year over the last three years and has raised its dividend every year for the last 5 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. 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%.
Shares of NYSE:EVC opened at $3.92 on Thursday. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.87. Entravision Communication has a 12-month low of $2.56 and a 12-month high of $6.40. The stock has a market capitalization of $350.09 million, a price-to-earnings ratio of 2.27 and a beta of 1.43.
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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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