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%.
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