Nexstar Media Group Board Approves 25% Increase To Its Quarterly Cash Dividend From $1.35 To $1.69 Per Share
Portfolio Pulse from Benzinga Newsdesk
Nexstar Media Group's Board has approved a 25% increase in its quarterly cash dividend, raising it from $1.35 to $1.69 per share. The dividend will be payable on February 23, 2024, to shareholders of record as of February 9, 2024.
January 26, 2024 | 1:10 pm
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Nexstar Media Group has increased its quarterly dividend by 25%, from $1.35 to $1.69 per share, with the next payment due on February 23, 2024.
The increase in dividend is a strong signal of confidence in Nexstar Media Group's financial health and future earnings. This action is likely to be perceived positively by investors, as it suggests a commitment to returning value to shareholders. Historically, dividend increases can lead to a short-term uptick in stock price as they make the stock more attractive to income-focused investors.
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