Nexstar Media Group, Inc. (NASDAQ:NXST) Declares Quarterly Dividend of $ 0.56

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Nexstar Media Group, Inc. (NASDAQ:NXST) declared quarterly dividend of $ 0.56 per share, or $ 2.24 annualized.

The dividend will be payable on August 21, 2020, to stockholders of record on August 7, 2020, with an ex-dividend date of August 6, 2020.

Dividends History
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Click Here For More Historical Dividends Of Nexstar Media Group, Inc.

Recent Earnings Announcement

Nexstar Media Group, Inc. came out with income for the first quarter of $ 3.19 per share, from the revenue of $ 1,092.00 million. The quarterly earnings hiked 177.39 percent compared with the same quarter last year. According to street consensus, NXST was expected to report 1Q20 income of $ 2.86 per share from revenue of $ 1065.49 million. The bottom line results beat street analysts by $ 0.33 or 11.54 percent, at the same time, top line results outshined analysts by $ 26.51 million or 2.49 percent.

Stock Performance

According to the previous trading day, closing price of NXST was $ 84.83, representing a 95.60 % increase from the 52 week low of $ 43.37 and a 36.34 % decrease over the 52 week high of $ 133.25.

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The company has a market capital of $ 3.83 billion and is part of the Consumer Cyclical sector and Broadcasting – TV industry.

Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets.