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News Breaks | | | | November 26, 2012 | | 17:22 EDT |  | NXST | Nexstar Broadcasting declares new dividend policy of 12c per share
Nexstar Broadcasting Group announced a new dividend policy pursuant to which our board of directors has authorized us to declare a total annual cash dividend with respect to its shares of common stock of 48c per share in equal quarterly installments of 12c per share, concurrent with the closing of the acquisition of the assets being acquired by Nexstar Broadcasting as part of the Newport Acquisition. The first quarterly cash dividend is expected to be paid, subject to declaration by the board of directors, in 1Q13. | |
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