Dividend Action: Dec 15, 2016 is the day Entercom Communications Corporation (NYSE:ETM) promises dividends of $0.08. Here’s what they have to say.

Dividend Action: Dec 15, 2016 is the day Entercom Communications Corporation (NYSE:ETM) promises dividends of $0.08. Here's what they have to say.

Entercom Communications Corporation (NYSE:ETM) is expected to pay $0.08 on Dec 15, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Entercom Communications Corporation’s current price of $15.20, the dividend is 0.49%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 7, 2016. The stock decreased 0.33% or $0.05 on November 21, hitting $15.2. Entercom Communications Corp. (NYSE:ETM) has risen 40.61% since April 20, 2016 and is uptrending. It has outperformed by 36.05% the S&P500.

Entercom Communications Corp. is a radio broadcasting company. The company has a market cap of $619.31 million. The Firm has a portfolio of approximately 130 radio stations in over 30 markets across the United States. It has a 15.71 P/E ratio. The Firm operates through the radio broadcasting segment.

Insitutional Activity: The institutional sentiment decreased to 1.42 in 2016 Q2. Its down 0.29, from 1.71 in 2016Q1. The ratio turned negative, as 6 funds sold all Entercom Communications Corp. shares owned while 25 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 18.31 million shares or 3.09% more from 17.76 million shares in 2016Q1.
The Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has invested 0% in Entercom Communications Corp. (NYSE:ETM). Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Entercom Communications Corp. (NYSE:ETM) for 1,016 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Entercom Communications Corp. (NYSE:ETM). Columbia Ptnrs L L C Invest Management has 0.27% invested in the company for 271,593 shares. Connor Clark And Lunn Ltd holds 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM) for 19,053 shares. Bridgeway Capital Mgmt accumulated 342,630 shares or 0.07% of the stock. Rbf Limited Liability has invested 0.03% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Amer International Grp Inc holds 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM) for 14,942 shares. Invesco last reported 0% of its portfolio in the stock. Legal General Group Inc Public Limited Co holds 4,732 shares or 0% of its portfolio. Nordea Mgmt Ab has invested 0.01% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Federated Invsts Inc Pa holds 0.01% or 156,804 shares in its portfolio. Moreover, Vanguard Gp has 0% invested in Entercom Communications Corp. (NYSE:ETM) for 860,043 shares. Blackrock Advisors Ltd Limited Liability Company accumulated 0% or 77,206 shares. National Bank Of America Corporation De accumulated 0% or 74,910 shares.

Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 3 selling transactions for $942,930 net activity. Shares for $151,614 were sold by FISHER STEPHEN F. KRAMER LOUISE C also sold $684,342 worth of Entercom Communications Corp. (NYSE:ETM) shares. SUTOR ANDREW P IV sold $106,974 worth of Entercom Communications Corp. (NYSE:ETM) on Tuesday, November 15.

Entercom Communications Corp. (NYSE:ETM) Ratings Coverage

Out of 2 analysts covering Entercom Communications (NYSE:ETM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Entercom Communications has been the topic of 2 analyst reports since August 18, 2015 according to StockzIntelligence Inc. As per Tuesday, August 18, the company rating was upgraded by Wells Fargo. The rating was initiated by Stephens on Friday, December 11 with “Equal-Weight”.

More recent Entercom Communications Corp. (NYSE:ETM) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Businesswire.com published the news titled: “Entercom Communications Corp. Announces Bank Meeting and Proposed Debt Refinancing” on October 17, 2016. Moodys.com‘s news article titled: “Moody’s upgrades Entercom Communications to B1 from B2; outlook remains stable” with publication date: May 11, 2016 was also an interesting one.

ETM Company Profile

Entercom Communications Corp., incorporated on October 21, 1968, is a radio broadcasting company. The Firm has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Firm operates through the radio broadcasting segment. The Firm sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths. The Firm has both frequency modulation (FM) and amplitude modulation (AM) radio stations.

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