Bala Cynwyd, PA—Entercom Communications (NYSE:ETM) announced today that its Board of Directors has approved a quarterly dividend on the Company’s stock of $0.075 per share. The dividend is payable on September 15, 2016 to shareholders of record as of the close of business on August 15, 2016. A portion of this distribution may be a return of capital, however, the amount is not known at this time.
Contact: Steve Fisher
Executive Vice President
and CFO, Entercom
Entercom Communications Corp. (NYSE: ETM) is the fourth-largest radio broadcasting company in the U.S., reaching and engaging more than 40 million people a week through its 124 highly rated stations in 27 top markets across the country. Entercom is a purpose-driven company, deeply committed to entertaining and informing its listeners with the best locally curated music, news, sports, and talk content, driven by compelling local personalities. Entercom delivers superior ROI by connecting its customers and audiences through its leading local brands and unparalleled local marketing solutions, which include over 4,000 events each year, and its SmartReach Digital product suite. Learn more about Philadelphia-based Entercom at www.Entercom.com, Facebook and Twitter (@entercom).