Nexstar Raises Pay (For Stockholders)

On Friday, Nexstar announced that its Board of Directors has agreed to raise the payout to e̶m̶p̶l̶o̶y̶e̶e̶s̶ stockholders with a new cash dividend of $0.56 per share.

The company says that the dividend is payable on Friday, May 29, 2020, to shareholders of record on Friday, May 15, 2020. Nexstar says it intends to pay regular quarterly cash dividends for the foreseeable future.

As one Nexstar employee said to FTVLive, “Imagine if they increased the pay of every employee 56 cents per hour.. We wouldn't have to work 2nd jobs, cut back on food etc. But I guess we now know who the most important people are at Nextsar..The Investors!”

Welcome to corporate America my friend.

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