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 Investment Group (NEWM) Misses Q3 EPS by 22c

October 31, 2018 6:40 AM EDT

New Media Investment Group (NYSE: NEWM) reported Q3 EPS of ($0.10), $0.22 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $380.42 million.

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 quarterTotal 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, the impact of ASC Topic 606ºDigital revenue of $46.6 million, an increase of 31.3% to prior year on a reported... More