Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) disclosed Friday that its Board declared a quarterly cash dividend of $0.24 per share of its Class A common stock. On a full year basis, it translated into $0.96 a share. The dividend provided 1.8 percent yield.

Nexstar Broadcasting said the dividend would be payable on August 26 to its shareholders, whose names appear on the record date of August 12.

While the company intends to pay regular quarterly cash dividends for the foreseeable future, the company indicated all subsequent dividends would be reviewed quarterly and declared by its Board at its discretion.