New Media Investment Group (NEWM) Raises Quarterly Dividend 5.7% to $0.37; 9.6% Yield
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New Media Announces Solid Third Quarter 2017 Results and Increases the Dividend to $0.37 per Common Share
October 26, 2017 6:50 AM EDTNEW YORK--(BUSINESS WIRE)--
New Media Investment Group Inc. (New Media or the Company, NYSE: NEWM) today reported its financial results for the third quarter ended September 24, 2017.
Third Quarter 2017 Financial Summary
New Media declares a cash dividend of $0.37 per common share, an increase of 5.7% from the prior quarter Total revenues of $317.2 million, up 3.4% to prior year on a reported basis, and down 6.4% to the prior year on an organic same store basis, negatively impacted in September by the hurricanes in Florida... More