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Nexstar Media Group, Inc. Buyback

OLI recorded this information on 7/26/2024

Company: Nexstar Media Group, Inc.
Buyback: NXST buyback
$Amount Authorized: $1,996,000,000
Buyback Details: Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend is payable on Friday, August 23, 2024, to shareholders of record on Friday, August 9, 2024. In addition, The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.5 billion of its common stock. The new share repurchase authorization is in addition to Nexstar's existing share repurchase program announced in July 2022, of which $496 million remained as of May 8, 2024.

Nexstar Media Group, Inc. is a diversified media company with television broadcasting, networks, and digital media assets operating in the U.S. It produces and distributes local and national news, sports, and entertainment content. The company operates through two main segments: Broadcast and The CW Network. The Broadcast segment includes TV stations, local websites, NewsNation (a national cable news network), two owned and operated digital multicast networks, other multicast network services, and WGN-AM radio in Chicago. The CW segment is a U.S. broadcast network. Additionally, Nexstar manages digital businesses focused on the national market and oversees certain real estate assets.

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Company Name:  Nexstar Media Group Inc
Stock buyback:  NXST buyback
Short interest:  NXST short interest
Website:  www.nexstar.tv
Sector:  Television & Radio
Number of ETFs Holding NXST:  165
Total Market Value Held by ETFs:  $1.35B
Total Market Capitalization:  $5.31B
% of Market Cap. Held by ETFs:  25.48%
 

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May 20, 2025    2:25 AM Eastern
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Strong Buy (3.75 out of 4)
70th percentile
(ranked higher than approx. 70% of all stocks covered)

Analysts' Target Price:
NXST Stock Forecast

Based on Zacks ABR data;
via Quandl.com

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