Nexstar Broadcasting Increases Dividend 26.3%

Nexstar Broadcasting Group Inc. said it is increasing its dividend by 26.3% to 24 cents per share beginning with the first quarter of 2016. The dividend is payable on Feb. 26, 2016 to the shareholders of record as of Feb. 12, 2016. This is the third consecutive annual cash dividend increase, according to Perry Sook, chief executive of the company. Nexstar shares are down 7.8% for the past 12 months while the Nasdaq is down 5.9% for the same period.