Nexstar Media Gr's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Nexstar Media Gr (NASDAQ:NXST) has announced a quarterly dividend of $1.35 per share. The ex-dividend date is Thursday, meaning the stock will likely open $1.35 lower to reflect the payout. Shareholders who own NXST as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 27, 2023.
November 06, 2023 | 2:45 pm
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Nexstar Media Gr's stock price is expected to open lower on the ex-dividend date due to the $1.35 per share dividend payout. The dividend will be paid out on November 27, 2023.
The stock price of Nexstar Media Gr is expected to decrease in the short term due to the ex-dividend date. When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the dividend. In this case, the dividend is $1.35 per share, so the stock price is expected to decrease by roughly this amount.
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