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Entravision Declares Quarterly Dividend
by Perry Michael Simon
February 3, 2023 at 7:33 AM (PT)
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ENTRAVISION's Board of Directors has declared a quarterly cash dividend of 5 cents per share of Class A, Class B and Class U common stock, doubling the 2022 dividend and returning to pre-pandemic level. The dividend is payable on MARCH 31st to shareholders of record on MARCH 16th.
“We are pleased to increase our quarterly cash dividend, which represents the 41st consecutive dividend we have paid to our shareholders over the past 13 years,” said Interim CEO/CFO/Treasurer CHRIS YOUNG. “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.”