Entravision Communications Corporation (NYSE:EVC) Plans Quarterly Dividend of $0.05

Entravision Communications Corporation (NYSE:EVC) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th.

Entravision Communications has raised its dividend payment by an average of 0.1%per year over the last three years.

Entravision Communications Stock Up 69.1%

Shares of EVC opened at $6.73 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.65. The business has a fifty day moving average of $3.24 and a 200 day moving average of $2.98. The company has a market cap of $618.98 million, a PE ratio of -7.63 and a beta of 1.36. Entravision Communications has a 52-week low of $1.81 and a 52-week high of $6.83.

Entravision Communications (NYSE:EVC) last announced its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative net margin of 17.69% and a negative return on equity of 37.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after buying an additional 5,702 shares during the period. Rhumbline Advisers increased its stake in Entravision Communications by 7.1% in the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock worth $212,000 after purchasing an additional 6,063 shares during the period. MetLife Investment Management LLC increased its stake in Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after purchasing an additional 6,991 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Entravision Communications by 78.5% during the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after purchasing an additional 7,642 shares during the last quarter. Finally, R Squared Ltd lifted its position in shares of Entravision Communications by 40.6% during the third quarter. R Squared Ltd now owns 26,963 shares of the company’s stock worth $63,000 after purchasing an additional 7,784 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

About Entravision Communications

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.