Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share

Rhea-AI Summary

Nexstar Media Group declares quarterly cash dividend of $1.35 per share of common stock.

Positive

• Nexstar Media Group announced a quarterly cash dividend of $1.35 per share of its common stock. The dividend is payable on November 27, 2023, to shareholders of record on November 10, 2023.

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 $1.35 per share of its common stock. The dividend is payable on Monday, November 27, 2023, to shareholders of record on Friday, November 10, 2023.

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 its television and digital platforms, including more than 300,000 hours of programming produced annually by its business units. 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 cable news network, 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 its local TV station websites, The Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital news and information property. For more information, please visit nexstar.tv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231027145613/en/

Investors:

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:

Gary Weitman

EVP and Chief Communications Officer

972/373-8800

gweitman@nexstar.tv

Source: Nexstar Media Group, Inc.

FAQ

What is the dividend amount announced by Nexstar Media Group?

Nexstar Media Group announced a quarterly cash dividend of $1.35 per share of its common stock.

When is the dividend payable?

The dividend is payable on November 27, 2023.

Who are the shareholders eligible for the dividend?

Shareholders of record on November 10, 2023, are eligible for the dividend.

Will Nexstar Media Group continue to pay regular dividends in the future?

The Company intends to pay regular quarterly cash dividends for the foreseeable future, subject to review and discretion of the Board of Directors.