Entravision Ups Dividend, Prepays Term Loan
December 3, 2015 at 6:45 AM (PT)
ENTRAVISION COMMUNICATIONS CORP.'s Board of Directors has increased the company's quarterly cash dividend to $0.03125 per share of Class A, Class B and Class U common stock. The dividend represents an increase from the previous $0.025 per share.
The dividend will be payable DECEMBER 31st to shareholders of record as of DECEMBER 15th and the common stock will trade ex-dividend on DECEMBER 11th.
The company also announced that it intends to prepay $20 million of term loans under the company's MAY 31, 2013 senior secured term loan credit facility, using cash on hand. After the prepayment, about $317 million will remain outstanding under the term loan credit facility.