New Media Investment Group (NEWM) Declares $0.37 Quarterly Dividend; 8.9% Yield

New Media Investment Group (NYSE: NEWM) declared a quarterly dividend of $0.37 per share, or $1.48 annualized.

The dividend will be payable on May 16, 2018, to stockholders of record on May 14, 2018, with an ex-dividend date of May 11, 2018.

The annual yield on the dividend is 8.9 percent.

“We are pleased with our results in the first quarter across nearly all facets of our business plan. Our financial results were strong and continue to improve in terms of organic same store revenue trends, our acquisition activity was robust, and we declared a quarterly dividend of $0.37 per share,” said Michael E. Reed, New Media President and Chief Executive Officer. “From a financial standpoint the first quarter was quite good, with Revenue, As Adjusted EBITDA and Free Cash Flow all increasing by double digits versus first quarter last year on a reported basis. This performance was driven by our accretive acquisitions and the organic growth we are realizing in our newer businesses, particularly UpCurve and GateHouse Live.”

For a dividend history and other dividend-related data on New Media Investment Group (NEWM) click here.

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