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

Rhea-AI Summary

Nexstar Media Group, Inc. (NASDAQ: NXST) has declared a quarterly cash dividend of $0.90 per share, payable on November 28, 2022, to shareholders of record on November 14, 2022. The company intends to continue regular cash dividends, which will be reviewed quarterly by its Board of Directors. Nexstar is a prominent media company, operating nearly 300,000 hours of original content annually and owning approximately 200 local broadcasting stations, reaching over 212 million individuals across the U.S.

Positive

• Quarterly cash dividend of $0.90 per share reflects strong financial performance.
• Nexstar reaches 212 million people, expanding its market presence.
• Company's commitment to regular dividends indicates confidence in future earnings.

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 common stock. The dividend is payable on Monday, November 28, 2022, to shareholders of record on Monday, November 14, 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 across television, streaming and digital platforms, including nearly 300,000 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 national television properties include The CW, America’s fifth major broadcast network, NewsNation, America’s fastest-growing national news and entertainment cable network reaching 70 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 and video-on-demand 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 nexstar.tv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221028005055/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 Nexstar Media Group (NXST)?

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

When will the dividend for NXST be paid?

The dividend will be paid on November 28, 2022.

When is the record date for the NXST dividend?

The record date for the dividend is November 14, 2022.

Does Nexstar Media Group plan to continue paying dividends?

Yes, Nexstar intends to pay regular quarterly cash dividends in the foreseeable future.

How often will Nexstar review its dividend payments?

Nexstar's Board of Directors will review dividend payments quarterly.