Entravision Communications dividend yield – Entravision Communications Announces 100% Increase in Quarterly Dividend to $0.05/Share for 2023

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Entravision Communications dividend yield – Entravision Communications ($NYSE:EVC) Corporation is a leading media company that owns and operates various radio stations, television stations, and digital media properties throughout the United States, Latin America, and Spain. This dividend increase is set to come into effect for the year 2023. The company has stated that the increase in dividend is reflective of their strong financial performance and outlook for the future. The increased dividend will benefit current shareholders of the company, and potentially attract new investors.

This dividend increase is also in line with Entravision’s commitment to providing long-term shareholder value. The company has also indicated that they are planning to maintain a disciplined approach to capital allocation, which will enable them to continue to grow their business and provide attractive returns for shareholders. The increased dividend is also expected to strengthen Entravision’s competitive position in the media industry and provide additional cash flow to fund future investments. With the increased dividend, Entravision will remain well-positioned to capitalize on opportunities in the media industry going forward.

Dividends – Entravision Communications dividend yield

This marks a significant rise from the last three years where the company issued annual dividends per share of 0.1, 0.1 and 0.12 USD. The dividend yields from 2020 to 2022 have been 1.56%, 1.78%, 7.56%, giving an average dividend yield of 3.63%. This makes it an attractive option for those interested in dividend stocks. The company has a long history of paying consistent dividends, which is why it is a popular choice for many investors. The increase in the quarterly dividend for 2023 could be seen as a sign of confidence in the company, as well as its ability to generate returns for its shareholders.

Moreover, the company has a long history of financial stability, with no major changes in its financial performance in the past few years. This, coupled with the increasing dividends, makes it an attractive investment option. For those looking to diversify their portfolios, ENTRAVISION COMMUNICATIONS could be an ideal choice. With its steady and reliable dividend payments, it could be a great addition to any portfolio and could provide a steady income stream for many years to come.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Entravision Communications. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Entravision Communications. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Entravision Communications. More…

Key Ratios Snapshot

Some of the financial key ratios for Entravision Communications are shown below. More…

Share Price

The news was met with mostly positive coverage from the media and the stock market. The stock opened at $6.9 and closed at $7.0, up by 0.9% from the prior closing price of $7.0. This news is a positive sign for Entravision’s shareholders and investors, as it is an indication of the company’s continued financial health. Entravision Communications’ commitment to shareholder value is further highlighted by the increase in dividend, which can result in higher returns for investors over time. This news is also encouraging for prospective investors, as the increase in dividend reflects Entravision’s ability to generate consistent revenue over time and maintain its financial stability. Furthermore, the higher dividend payout also indicates the company’s confidence in its long-term prospects and its commitment to rewarding its shareholders.

The higher dividend payout also serves as an incentive for potential new investors to consider investing in Entravision Communications’ stock. For current shareholders, it is an indication of the company’s commitment to rewarding long-term investors and providing them with a stable source of income. The increase in dividend reflects the company’s financial stability and its commitment to rewarding its shareholders. This news is likely to further boost investor confidence in Entravision Communications’ stock and help drive further growth for the company in the future. Live Quote…

Analysis

GoodWhale is the perfect platform to analyze the fundamentals of ENTRAVISION COMMUNICATIONS. According to GoodWhale’s Risk Rating, ENTRAVISION COMMUNICATIONS is a medium risk investment, with both financial and business aspects being taken into account. This means that investors should exercise caution when considering investing in the company. GoodWhale has detected two risk warnings in the company’s income sheet and balance sheet. By registering with GoodWhale, investors can gain an insight into these risks and consider their investment decisions accordingly. GoodWhale’s Risk Rating is based on an algorithm which takes into account the company’s size, growth rate, debt level and liquidity. This allows investors to make an informed decision on whether or not to invest in the company. As such, GoodWhale is an essential tool for any investor looking to assess the risk associated with investing in ENTRAVISION COMMUNICATIONS. More…

Peers

In the world of media and broadcasting, competition is fierce. Entravision Communications Corp is up against some major players in the industry, including Salem Media Group Inc, Tegna Inc, and Cumulus Media Inc. While each company has its own strengths and weaknesses, they are all fighting for a piece of the pie. Entravision Communications Corp has to be strategic in its approach in order to stay ahead of the competition.

– Salem Media Group Inc ($NASDAQ:SALM)

Salem Media Group, Inc. operates as a multi-media company in the United States. The company operates in two segments, Broadcast Media and Digital Media. The Broadcast Media segment owns and operates radio stations in various markets, as well as offers on-air talent, syndicated and local radio shows, and local advertisers. As of December 31, 2020, this segment owned and operated 84 radio stations in 38 markets. The Digital Media segment engages in the development and operation of online Christian and conservative content, including Christianity.com, GodTube.com, OnePlace.com, Crosswalk.com, BibleStudyTools.com, GodVine.com, ChurchLeadership.com, and ChristianJobs.com. This segment also operates SalemSurveys.com that provides online research services for Salem and its advertisers. Salem Media Group, Inc. was founded in 1985 and is headquartered in Camarillo, California.

– Tegna Inc ($NYSE:TGNA)

Tegna Inc is a publicly traded company with a market cap of 4.24B as of 2022. The company’s Return on Equity is 20.09%. Tegna Inc is a media conglomerate that owns and operates numerous television stations and websites in the United States. The company also provides digital marketing services and operates a number of mobile applications.

– Cumulus Media Inc ($NASDAQ:CMLS)

Cumulus Media Inc is a radio broadcasting company that owns and operates radio stations across the United States. The company has a market cap of 138.56M as of 2022 and a Return on Equity of 16.7%. Cumulus Media Inc owns and operates over 850 radio stations in 150 markets across the United States. The company offers a variety of programming formats including news, sports, talk, and music. Cumulus Media Inc is headquartered in Atlanta, Georgia.

Summary

Entravision Communications is an attractive investment opportunity for investors. This dividend increase indicates that the company is making strong profits and is confident in its future prospects. Furthermore, the stock price is currently at a relatively low point in comparison to recent years, making it an ideal time to invest.

Entravision Communications is a diversified media, advertising and marketing company with strong assets in multiple markets that generate stable cash flow. With a strong dividend yield and ample upside potential, Entravision Communications is an attractive investment for investors looking for long-term growth.