Nexstar Media Group Raises Quarterly Cash Dividend by 10% to $1.86 Per Share
Nexstar Media Group (NXST) has announced a 10% increase in its quarterly cash dividend to $1.86 per share, marking its twelfth consecutive annual dividend increase. The dividend represents a 4.7% annualized yield based on the January 28, 2025 closing stock price. The dividend will be payable on February 26, 2025, to shareholders of record as of February 12, 2025.
CEO Perry Sook highlighted that this increase reflects the company's strong free cash flow and commitment to shareholder returns. The company's strategy includes opportunistic share repurchases, debt reduction, and potential growth through M&A activities to enhance shareholder value. While regular quarterly dividends are planned for the foreseeable future, they remain subject to Board review and approval.
Nexstar Media Group (NXST) ha annunciato un aumento del 10% del suo dividendo trimestrale in contante a $1.86 per azione, segnando il dodicesimo aumento annuale consecutivo del dividendo. Il dividendo rappresenta un 4.7% di rendimento annualizzato basato sul prezzo di chiusura delle azioni del 28 gennaio 2025. Il dividendo sarà pagabile il 26 febbraio 2025, agli azionisti registrati al 12 febbraio 2025.
Il CEO Perry Sook ha sottolineato che questo aumento riflette il forte flusso di cassa libero dell'azienda e l'impegno verso i ritorni per gli azionisti. La strategia dell'azienda include riacquisti opportunistici di azioni, riduzione del debito e potenziale crescita attraverso attività di fusioni e acquisizioni per aumentare il valore per gli azionisti. Sebbene siano previsti dividendi trimestrali regolari per il prossimo futuro, questi rimangono soggetti a revisione e approvazione da parte del Consiglio.
Nexstar Media Group (NXST) ha anunciado un aumento del 10% en su dividendo en efectivo trimestral a $1.86 por acción, marcando su duodécimo aumento anual consecutivo del dividendo. El dividendo representa un 4.7% de rendimiento anualizado basado en el precio de cierre de acciones del 28 de enero de 2025. El dividendo se pagará el 26 de febrero de 2025, a los accionistas registrados al 12 de febrero de 2025.
El CEO Perry Sook destacó que este aumento refleja el fuerte flujo de efectivo libre de la compañía y el compromiso con los retornos para los accionistas. La estrategia de la compañía incluye recompra de acciones oportunísticas, reducción de deuda y crecimiento potencial a través de actividades de fusiones y adquisiciones para aumentar el valor para los accionistas. Si bien se planean dividendos trimestrales regulares para el futuro previsible, estos siguen sujetos a revisión y aprobación de la Junta.
Nexstar Media Group (NXST)는 분기 현금 배당금을 $1.86 주당으로 10% 인상한다고 발표하였으며, 이는 12년 연속 연간 배당금 인상을 기록한 것입니다. 배당금은 2025년 1월 28일 종가를 기준으로 4.7%의 연간 수익률을 나타냅니다. 배당금은 2025년 2월 26일에 지급되며, 2025년 2월 12일 기준으로 주주에게 지급됩니다.
CEO 페리 수크는 이번 인상이 회사의 강력한 잉여 현금 흐름과 주주 수익에 대한 헌신을 반영한다고 강조했습니다. 회사의 전략에는 기회에 따른 주식 재매입, 부채 감소 및 인수 합병 활동을 통해 주주 가치를 높이는 잠재적 성장이 포함됩니다. 정기적인 분기 배당금은 가시적인 미래에 계획되고 있으나, 이들은 이사회 검토 및 승인을 받을 수 있습니다.
Nexstar Media Group (NXST) a annoncé une augmentation de 10 % de son dividende en espèces trimestriel à $1.86 par action, marquant ainsi la douzième augmentation annuelle consécutive du dividende. Le dividende représente un rendement annualisé de 4,7%, basé sur le prix de clôture de l'action du 28 janvier 2025. Le dividende sera payable le 26 février 2025, aux actionnaires inscrits au 12 février 2025.
Le PDG Perry Sook a souligné que cette augmentation reflète le solide flux de trésorerie libre de l'entreprise et son engagement envers les rendements des actionnaires. La stratégie de l'entreprise comprend des rachats d'actions opportunistes, la réduction de la dette et une croissance potentielle par le biais d'activités de fusions et acquisitions pour accroître la valeur pour les actionnaires. Bien que des dividendes trimestriels réguliers soient prévus pour un avenir prévisible, ceux-ci restent soumis à l'examen et à l'approbation du Conseil.
Nexstar Media Group (NXST) hat eine Erhöhung der vierteljährlichen Bar-Dividende um 10% auf $1.86 pro Aktie angekündigt, was die zwölfte jährliche Dividendensteigerung in Folge markiert. Die Dividende entspricht einer 4.7% annualisierten Rendite, basierend auf dem Schlusskurs der Aktien am 28. Januar 2025. Die Dividende wird am 26. Februar 2025 an die Aktionäre ausgezahlt, die am 12. Februar 2025 im Aktienregister stehen.
CEO Perry Sook hob hervor, dass diese Erhöhung den starken freien Cashflow des Unternehmens und das Engagement für die Renditen der Aktionäre widerspiegelt. Die Strategie des Unternehmens umfasst opportunistische Aktienrückkäufe, Schuldenabbau und potenzielles Wachstum durch M&A-Aktivitäten, um den Shareholder Value zu steigern. Während für die absehbare Zukunft regelmäßige vierteljährliche Dividenden geplant sind, bleiben sie einer Überprüfung und Genehmigung durch den Vorstand unterworfen.
- 10% increase in quarterly dividend to $1.86 per share
- 4.7% annualized dividend yield
- Twelfth consecutive annual dividend increase
- Strong free cash flow generation
- Multiple shareholder return initiatives including buybacks and M&A
- None.
Dividend Represents a 4.7% Annualized Yield Based on the Closing Stock Price on January 28, 2025
Increase Marks Twelfth Consecutive Annual Cash Dividend Increase
Perry Sook, Nexstar Media Group’s Founder, Chairman and Chief Executive Officer stated, “Nexstar’s twelfth annual dividend increase highlights the significant free cash flow of our businesses and capital allocation policies which have consistently demonstrated our commitment to delivering increased returns to our shareholders. Our industry leadership and operating practices combined with the 2025 cash dividend increase, opportunistic share repurchases, debt reduction and potential growth M&A are key components in our strategies to enhance shareholder value.”
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 310,000 hours of programming produced annually by its business units. Nexstar owns America’s largest local television broadcasting group comprised of top network affiliates, with 200 owned or partner stations in 116 U.S. markets reaching 220 million people. Nexstar’s national television properties include The CW, America’s fifth major broadcast network, NewsNation, our national news network providing “News for All Americans,” popular entertainment multicast networks Antenna TV and Rewind TV, and a
View source version on businesswire.com: https://www.businesswire.com/news/home/20250129343900/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.
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