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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nexstar Media Group, Inc.    NXST

NEXSTAR MEDIA GROUP, INC.

(NXST)
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Nexstar Media : Declares Quarterly Cash Dividend of $0.56 Per Share

10/22/2020 | 07:03am EST

Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.56 per share of its Class A common stock. The dividend is payable on Friday, November 20, 2020, to shareholders of record on Friday, November 6, 2020.

While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.

About Nexstar Media Group, Inc.
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 197 television stations and related digital multicast signals reaching 115 markets or nearly 39% of all U.S. television households. Nexstar’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. Nexstar’s community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities. For more information please visit www.nexstar.tv.

Forward-Looking Statements
This communication includes forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Forward-looking statements include information preceded by, followed by, or that includes the words “guidance,” “believes,” “expects,” “anticipates,” “could,” or similar expressions. For these statements, Nexstar claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication, concerning, among other things, future financial performance, including changes in net revenue, cash flow and operating expenses, involve risks and uncertainties, and are subject to change based on various important factors, including the impact of changes in national and regional economies, the ability to service and refinance our outstanding debt, successful integration of acquired television stations and digital businesses (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations’ operating areas, competition from others in the broadcast television markets, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. Nexstar undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this communication might not occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see Nexstar’s other filings with the Securities and Exchange Commission.


© Business Wire 2020
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Financials (USD)
Sales 2021 4 439 M - -
Net income 2021 638 M - -
Net Debt 2021 7 599 M - -
P/E ratio 2021 9,83x
Yield 2021 1,68%
Capitalization 6 270 M 6 270 M -
EV / Sales 2021 3,12x
EV / Sales 2022 2,58x
Nbr of Employees 11 749
Free-Float 89,3%
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Technical analysis trends NEXSTAR MEDIA GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 158,10 $
Last Close Price 144,52 $
Spread / Highest target 24,6%
Spread / Average Target 9,40%
Spread / Lowest Target -17,0%
EPS Revisions
Managers and Directors
NameTitle
Perry A. Sook Chairman & Chief Executive Officer
Thomas E. Carter President, Chief Operating & Financial Officer
Brett E. Jenkins Chief Technology Officer & Executive VP
Irving Martin Pompadur Independent Director
Jay M. Grossman Independent Director
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