Nexstar Media Group (NXST), formerly Nexstar Broadcasting Group, will raise its quarterly dividend to $0.375 per share. Last year NXST also hiked its dividend by 25 percent. The new dividend yield is 1.6%.
On January 17, 2017 Nexstar Broadcasting Group, Inc. completed the acquisition of Media General (MEG) and changed its name to Nextstar Media Group.
Nexstar Media Group, Inc. is a television broadcasting and digital media company. Nexstar owns, operates, programs or provides sales and other services to television stations and related digital multicast signals.