Nexstar Media Group Declares Quarterly Cash Dividend of $0.90 Per Share

Rhea-AI Summary

Nexstar Media Group, Inc. (NASDAQ: NXST) announced a quarterly cash dividend of $0.90 per share of Class A common stock. This dividend is payable on May 27, 2022, to shareholders on record as of May 13, 2022. The company plans to continue regular quarterly dividends, with future payments reviewed quarterly at the Board of Directors' discretion. Nexstar is a leading diversified media company, owning the largest local broadcasting group in the U.S. and providing extensive local and national news, sports, and entertainment content.

Positive

• Declared quarterly cash dividend of $0.90 per share.
• Company intends to maintain regular dividends in the foreseeable future.
• Strong media presence with 200 stations reaching 212 million people.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.90 per share of its Class A common stock. The dividend is payable on Friday, May 27, 2022, to shareholders of record on Friday, May 13, 2022.

While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.

About Nexstar Media Group, Inc.

Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content, including 283,000 hours of original video content each year. Nexstar owns America’s largest local broadcasting group comprised of top network affiliates, with 200 owned or partner stations in 116 U.S. markets reaching 212 million people. Nexstar’s television assets also include NewsNation, America’s fastest-growing national news and entertainment cable network reaching 75 million television homes, popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company’s portfolio of digital assets, including The Hill and BestReviews, are collectively a Top 10 U.S. digital news and information property. In addition to delivering exceptional content and service to our communities, Nexstar provides premium multiplatform advertising opportunities at scale for businesses and brands seeking to leverage the strong consumer engagement of our compelling content offering. For more information, please visit www.nexstar.tv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220429005119/en/

Investor Contacts:

Lee Ann Gliha

Executive Vice President and Chief Financial Officer

Nexstar Media Group, Inc.

972/373-8800



Joseph Jaffoni or Jennifer Neuman

JCIR

212/835-8500 or nxst@jcir.com



Media Contact:

Gary Weitman

EVP and Chief Communications Officer

972/373-8800

gweitman@nexstar.tv

Source: Nexstar Media Group, Inc.

FAQ

What is the dividend amount declared by NXST?

Nexstar Media Group declared a quarterly cash dividend of $0.90 per share.

When is the NXST dividend payment date?

The NXST dividend is payable on May 27, 2022.

When is the record date for the NXST dividend?

The record date for the NXST dividend is May 13, 2022.

Will NXST continue to pay dividends?

Nexstar intends to pay regular quarterly cash dividends for the foreseeable future.