Nexstar Media raises quarterly dividend 25% to $1.69/share; 11th consecutive annual increase

NEXSTAR MEDIA GROUP, INC.

New quarterly dividend of $1.69/share, up from $1.35, representing a 3.8% annualized yield.
Dividend payable on February 23, 2024 to shareholders of record as of February 9, 2024.
This marks the 11th consecutive annual cash dividend increase since the company began paying dividends.
CEO cites strong free cash flow and confidence in business model and growth opportunities.
Subsequent dividends remain subject to quarterly Board review and declaration.

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