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Entravision Communications Corporation Announces Quarterly Cash Dividend

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Entravision Communications Corporation (NYSE: EVC) has declared a quarterly cash dividend of $0.025 per share, totaling approximately $2.1 million. This dividend will be payable on March 31, 2021, to shareholders of record as of March 16, 2021. The stock will trade ex-dividend on March 15, 2021. The company anticipates future quarterly dividends, pending Board approval. Entravision is a global media and marketing technology company with significant presence in the U.S. and Latin America, managing 54 TV stations and 48 radio stations.

Positive
  • Declaration of a quarterly cash dividend of $0.025 per share, totaling approximately $2.1 million.
  • Strong commitment to returning value to shareholders through potential future dividends.
Negative
  • None.

Entravision Communications Corporation (NYSE: EVC) (“Entravision” or the “Company”), a leading global media and marketing technology company, announced today that its Board of Directors approved a quarterly cash dividend to shareholders of $0.025 per share on the Company's Class A, Class B and Class U common stock, in an aggregate amount of approximately $2.1 million. The quarterly dividend will be payable on March 31, 2021 to shareholders of record as of the close of business on March 16, 2021, and the common stock will trade ex-dividend on March 15, 2021. The Company currently anticipates that future cash dividends will be paid on a quarterly basis; however, any decision to pay future cash dividends will be subject to approval by the Board.

About Entravision Communications Corporation

Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in more than 20 countries across Latin America, Europe, and Asia. Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks, and 48 Spanish-language radio stations that feature nationally recognized, award-winning talent. Our dynamic digital portfolio includes Entravision Digital, which serves SMBs in high-density U.S. Latino markets and provides cutting-edge mobile programmatic solutions and demand-side platforms that allow advertisers to execute performance campaigns using machine-learned bidding algorithms, along with Cisneros Interactive, a leader in digital advertising solutions in the Latin American and U.S. Hispanic markets representing major technology platforms. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our media, marketing and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

Forward Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

FAQ

What is the dividend amount approved by Entravision Communications Corporation?

Entravision has approved a dividend of $0.025 per share.

When will the dividend be paid to shareholders of Entravision?

The dividend will be paid on March 31, 2021.

What is the record date for the dividend payment of Entravision?

The record date for the dividend payment is March 16, 2021.

When will Entravision's stock trade ex-dividend?

Entravision’s stock will trade ex-dividend on March 15, 2021.

Will Entravision continue to pay dividends in the future?

Entravision anticipates that future cash dividends will be paid quarterly, subject to Board approval.

Entravision Communication

NYSE:EVC

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