Nexstar Media (NXST) Raises Quarterly Dividend 29.6% to $0.70; $1B Buyback (Earlier)

Nexstar Media (NASDAQ: NXST) declared a quarterly dividend of $0.70 per share, or $2.8 annualized. This is a 29.6% increase from the prior dividend of $0.54. The dividend will be payable on February 26, 2021, to stockholders of record on February 12, 2021, with an ex-dividend date of February 11, 2021. The annual yield on the dividend is 2.4 percent.

The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.0 billion of its Class A common stock.

For a dividend history and other dividend-related data on Nexstar Media (NXST) click here.

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