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Entravision Q4 Net Revenue Up 7%, Earnings Rise
RADIO ONLINE | Thursday, March 2, 2017 |
Entravision Communications reported net revenue for the fourth quarter rose 7% to $70.2 million from $65.4 million in 2015. Of the overall increase of $4.9 million, $3.6 million was attributed to a boost in political ad revenue for the TV segment and $0.9 million from radio. Net earnings gained 21% to $7 million (8 cents per dilueted share) from $5.8 million (6 cents) in the year-ago period.
The company also announced that its board of directors has approved a quarterly cash dividend to shareholders of $0.03125 per share of the company's class A, class B and class U common stock. The quarterly dividend will be payable on March 31, 2017 to shareholders of record as of the close of business on March 14, and the common stock will trade ex-dividend on March 10.
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