: Nexstar Media says board is raising quarterly dividend by 50% to $1.35 a share


Nexstar Media Group Inc. NXST, +2.23% said Friday its board has approved a 50% increase in its quarterly cash dividend to $1.35 a share. The diversified media company said the new dividend will be payable on Friday, Feb. 24 to shareholders of record as of Feb. 10. The stock has gained 27% in the last 12 months, while the S&P 500 SPX, +1.10% has fallen 6%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleBond Report: Bond yields rise ahead of release of the Fed’s preferred inflation measure
Next articleChevron stock falls after profit misses expectations, while revenue beats


Please enter your comment!
Please enter your name here