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

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

Nexstar Media Group Increases Quarterly Cash Dividend by 25 Percent and Announces $1.0 Billion Share Repurchase Authorization

January 28, 2021 7:00 AM EST

Eighth Annual Consecutive Rise in Cash Dividend and Upsized Share Repurchase Authorization Highlights Long-term Commitment to Enhancing Shareholder Returns

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 25 percent increase in the quarterly cash dividend to $0.70 per share of its Class A common stock beginning with the dividend declared for the first quarter of 2021. The dividend is payable on Friday, February 26, 2021, to shareholders of record on Friday, February 12, 2021.

The Board of Directors also approved a new share... More