EVC - Entravision boosts dividend by 100% to $0.05 returns to pre-pandemic level

• Entravision ( NYSE: EVC ) declares $0.05/share quarterly dividend , 100% increase from prior dividend of $0.025.
• Forward yield 2.88%
• Payable March 31; for shareholders of record March 16; ex-div March 15.
• Chris Young, Interim Chief Executive Officer, and Chief Financial Officer & Treasurer said, “Increasing our dividend reflects the strength of our cash position and our Board’s confidence in our ability to drive sustainable profitable growth. We will continue to execute on our balanced capital allocation strategy, including deploying capital to investments that will fuel our growth.”
• The company has cut dividend by 50% , from $0.05 to $0.025 in May 2020, as a result of economic crisis due to COVID-19 pandemic.
• See EVC Dividend Scorecard, Yield Chart, & Dividend Growth.

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