Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 61

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 61
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 Ending

    Index
    12/31/19
     
    12/31/20
     
    12/31/21
     
    12/31/22
     
    12/31/23
     
    12/31/24

    Entravision Communications Corporation
     
    100.00

    112.21

    281.71

    203.32

    184.70

    115.33

    S&P 500 Index
     
    100.00

    118.40

    152.39

    124.79

    157.59

    197.02

    S&P Broadcasting Index
     
    100.00

    87.18

    82.92

    58.03

    55.30

    70.79

    Dow Jones U.S. Media Index
     
    100.00

    122.51

    114.76

    68.72

    79.44

    84.88

Dividend Policy 

We currently pay a dividend on our Class A common stock and Class U common stock. Our future dividend policy, including the amount of any dividend, will depend on factors considered relevant in the discretion of the Board of Directors, which may include, among other things, our earnings, capital requirements and overall financial condition. In addition, the 2023 Credit Agreement places certain restrictions on our ability to pay dividends on any class of our common stock. 

Issuer Purchases of Equity Securities 

On March 1, 2022, our Board of Directors approved a share repurchase program of up to $20 million of our Class A common stock.  Under this share repurchase program, we are authorized to purchase shares of our Class A common stock from time to time through open market purchases or negotiated purchases, subject to market conditions and other factors.

We did not repurchase any shares of our Class A common stock during 2024. As of December 31, 2024, we have repurchased a total of 1.8 million shares of our Class A common stock under the share repurchase program for an aggregate purchase price of $11.3 million, or an average price per share of $6.43. All such repurchased shares were retired as of December 31, 2024. 

ITEM