Entravision Communication (NYSE:EVC) announced a quarterly dividend on Wednesday, March 7th, Zacks reports. Stockholders of record on Monday, March 19th will be paid a dividend of 0.05 per share on Friday, March 30th. This represents a $0.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, March 16th.
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 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Entravision Communication (NYSE:EVC) opened at $6.45 on Friday. The stock has a market cap of $580.52, a PE ratio of 3.47 and a beta of 1.51. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.83. Entravision Communication has a 52-week low of $5.05 and a 52-week high of $7.90.
Separately, Zacks Investment Research downgraded shares of Entravision Communication from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Entravision Communication has an average rating of “Hold” and a consensus target price of $7.00.
Entravision Communication Company Profile
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.