Nexstar Media (NXST) Raises Quarterly Dividend 28.6% to $0.90; 2.3% Yield

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Go back to Nexstar Media (NXST) Raises Quarterly Dividend 28.6% to $0.90; 2.3% Yield

Nexstar Media Group Raises Quarterly Cash Dividend By 29%

January 28, 2022 8:00 AM EST

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 29% increase in the quarterly cash dividend to $0.90 per share of its Class A common stock beginning with the dividend declared for the first quarter of 2022. The dividend is payable on Monday, February 28, 2022, to shareholders of record on Friday, February 11, 2022.

Perry Sook, Nexstar Media Groups Founder, Chairman and Chief Executive Officer stated, Nexstars ninth consecutive annual dividend increase represents a compound annual growth rate of 25% since the dividend was initiated in 2013. Our capital... More