dividend
confidence high
sentiment positive
materiality 0.60
Nexstar raises quarterly dividend 10% to $1.86/share, payable Feb 26
NEXSTAR MEDIA GROUP, INC.
- Quarterly dividend increased 10% to $1.86 per share, twelfth consecutive annual increase.
- Dividend payable Feb 26, 2025 to stockholders of record Feb 12, 2025.
- Represents 4.7% annualized yield based on Jan 28 closing stock price.
- CEO cites strong free cash flow and capital allocation policies driving shareholder returns.
- Company intends to continue quarterly dividends but subject to Board discretion.