New Media Investment Group (NEWM) Raises Quarterly Dividend 2.7% to $0.38; 9.7% Yield

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Go back to New Media Investment Group (NEWM) Raises Quarterly Dividend 2.7% to $0.38; 9.7% Yield

New Media Announces Solid Third Quarter 2018 Results and Increase in Dividend to $0.38 per Common Share

October 31, 2018 6:30 AM EDT

NEW 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 30, 2018.

Third Quarter 2018 Financial Summary

New Media declares a cash dividend of $0.38 per common share for the third quarter of 2018, an increase of $0.01 per common share from the prior quarter Total revenues of $380.4 million, an increase of 19.9% to prior year on a reported basis, and down 4.8% on an organic same store basis excluding, for comparability,... More