The board of directors for Entercom Communications approved a quarterly dividend on the company’s stock. The amount is $0.075 per share.
The dividend is payable on September 15 to shareholders of record as of the close of business on August 15.
A portion of this distribution may be a return of capital, however, the amount is not known at this time, according to the broadcaster.
Entercom (NYSE:ETM) was up $18 cents to close at $14.03, according to the RBR Radio Index.