Tegna, Nexstar Announce Quarterly Dividends

Two of broadcast television’s largest station owners will be paying stockholders dividends.

Tegna Inc.’s board of directors on Thursday declared a dividend of 7 cents per share, payable on Jan. 2, 2019, to stockholders of record as of the close of business on Dec. 7.

Tegna President-CEO Dave Lougee said: “Tegna creates strong organic and inorganic growth opportunities that leverage our strong assets and scale. We consistently deliver value to shareholders while driving innovation locally that serves the greater good of our communities.”

Then, on Friday, Nexstar Media Group announced a quarterly cash dividend of $0.375 per share of its Class A common stock. The dividend is payable on Friday, Nov. 30, to shareholders of record on Friday, Nov. 16.

While Nexstar said it 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.