State Attorneys General be damned: Nexstar Media Group is aggressively moving ahead with full vigor and confidence that its acquisition of TEGNA is proper and gives it the ability to eventually integrate those properties with its own.
With all eyes on Nexstar’s May 7 first quarter 2026 earnings call, the company’s board of directors has moved forward with a healthy quarterly cash dividend for its stockholders.
The quarterly cash dividend is $1.86 per share of its common stock, and it is payable on Friday, May 29, to shareholders of record on Friday, May 15.
With a market cap of $6.193 billion, Nexstar shares are tops when it comes to broadcast media company stock valuations, trading at over $204 per share in midday trading on Friday. The 1-year target price for “NXST,” traded on Nasdaq, is $261.25.
