Nexstar Declares A Hefty Quarterly Dividend


Nexstar Media Group‘s Board of Directors has signed off on a sizable quarterly cash dividend — a positive sign that came just before the latest setback for media stocks on Wall Street.

The nation’s biggest owner of TV stations saw its board on Friday sign off on a dividend of $0.56 per share of its Class A common stock.


This story would usually be locked.  Subscribe today and save.


The dividend is payable on Friday, May 29 to shareholders of record on Friday, May 15.

The dividend announcement comes as Nexstar shares fell 4.9% to $66.60 on Friday.

This was part of a wholesale decline in U.S. financial markets tied to an escalating war of words between the White House and Beijing that some think could erupt into a trade war.

Exacerbating matters: CNBC analyst Jim Cramer says his most trusted indicator makes him concerned. That would be a +7.2% on the S&P short-range oscillator, to which he says, “Anything above +5% is overbought. A 7.2 reading makes me concerned.”