Nexstar Media Gr: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nexstar Media Gr (NASDAQ:NXST) has announced a quarterly dividend of $1.35 per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders owning NXST as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 24, 2023.
August 04, 2023 | 3:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nexstar Media Gr's announcement of a $1.35 per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in NXST's stock price. However, the announcement of a substantial dividend could attract dividend investors, which may help stabilize the price in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100