Nexstar Media Group Raises Quarterly Cash Dividend by 25% to $1.69 Per Share
26 1월 2024 - 10:00PM
Business Wire
Dividend Represents a 3.8% Annualized
Yield
Based on the Closing Stock Price on January
25, 2024
Increase Marks Eleventh Consecutive Annual
Cash Dividend Increase
Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that
its Board of Directors approved a 25% increase to its quarterly
cash dividend to $1.69 per share beginning with the dividend
declared for the first quarter of 2024. The dividend is payable on
Friday, February 23, 2024, to shareholders of record on Friday,
February 9, 2024.
Perry Sook, Nexstar Media Group’s Founder, Chairman and Chief
Executive Officer stated, “Nexstar’s strong free cash flow
generation continues to support our long-standing commitment to
delivering increased returns to our shareholders. The eleventh
consecutive annual increase in our cash dividend, combined with our
opportunistic share repurchase activity, reflects our continued
confidence in Nexstar’s business model, competitive positioning and
growth opportunities.”
While the Company intends to pay regular quarterly cash
dividends for the foreseeable future, all subsequent dividends will
be reviewed quarterly and declared by the Board of Directors at its
discretion.
About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading
diversified media company that produces and distributes engaging
local and national news, sports and entertainment content across
its television and digital platforms, including more than 300,000
hours of programming produced annually by its business units.
Nexstar owns America’s largest local broadcasting group comprised
of top network affiliates, with 200 owned or partner stations in
116 U.S. markets reaching 212 million people. Nexstar’s national
television properties include The CW, America’s fifth major
broadcast network, NewsNation, America’s fastest-growing national
cable news network, popular entertainment multicast networks
Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food
Network. The Company’s portfolio of digital assets, including its
local TV station websites, The Hill and NewsNationNow.com, are
collectively a Top 10 U.S. digital news and information property.
For more information, please visit nexstar.tv.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240126808682/en/
Investor: Lee Ann Gliha Executive Vice President and
Chief Financial Officer Nexstar Media Group, Inc. 972/373-8800
Joseph Jaffoni or Jennifer Neuman JCIR 212/835-8500 or
nxst@jcir.com
Media: Gary Weitman EVP and Chief Communications Officer
972/373-8800 gweitman@nexstar.tv
Nexstar Media (NASDAQ:NXST)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Nexstar Media (NASDAQ:NXST)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024