Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share, Announces New $1.5 Billion Share Repurchase Authorization
26 Julio 2024 - 6:00AM
Business Wire
Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that
its Board of Directors declared a quarterly cash dividend of $1.69
per share of its common stock. The dividend is payable on Friday,
August 23, 2024, to shareholders of record on Friday, August 9,
2024. In addition, The Board of Directors also approved a new share
repurchase program authorizing the Company to repurchase up to $1.5
billion of its common stock. The new share repurchase authorization
is in addition to Nexstar’s existing share repurchase program
announced in July 2022, of which $496 million remained as of May 8,
2024.
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.
The share repurchase authorization will be executed at the
Board’s discretion and any share repurchases are subject to
regulatory limitations.
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 117 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 America,” 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240726788994/en/
Investor: 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
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