Nexstar Media dividend calculator – Nexstar Media Group Inc Announces $1.35 Cash Dividend

🌥️Dividends Yield

Nexstar Media ($NASDAQ:NXST) Group Inc announced on May 26 2023 that it would be issuing a $1.35 cash dividend. If you’re looking for high-yielding dividend stocks, NEXSTAR MEDIA could be the right choice for you. Over the past three years, it has issued annual dividend per share of 4.05, 3.6 and 2.8 USD, resulting in a 2.2%, 2.07% and 1.98% yield, with an average dividend yield of 2.08%.

The ex-dividend date for 2023 has been set to May 11, meaning that investors must purchase the shares before this date in order to be eligible for the dividend. NEXSTAR MEDIA is an excellent option for those who want to grow their portfolio with attractive dividends.

Price History

The stock opened at $152.3 and closed at $152.5, representing a 0.5% increase from last closing price of 151.8. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nexstar Media. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nexstar Media. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nexstar Media. More…

Key Ratios Snapshot

Some of the financial key ratios for Nexstar Media are shown below. More…

Analysis

At GoodWhale, we have taken a deep dive into the fundamentals of NEXSTAR MEDIA to provide our partners with an informed investment decision. After analyzing the Risk Rating, our results found that NEXSTAR MEDIA is a medium risk investment in terms of financial and business aspects. We have also detected 1 risk warnings in the balance sheet so be sure to register with us to check it out. We understand that each investor has a unique risk tolerance and goals, so take some time to carefully study all the data and make an informed decision regarding this stock. More…

Peers

The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.

– Sinclair Broadcast Group Inc ($NASDAQ:SBGI)

Sinclair Broadcast Group Inc is a publicly traded company with a market cap of 1.26B as of 2022. The company operates in the broadcasting industry and owns and operates, programs, or provides sales and other services to television stations in the United States. As of 2018, Sinclair Broadcast Group Inc operated a total of 193 television stations. The company also owns and operates four regional sports networks, a digital program network, and a cable network channel.

– Fox Corp ($NASDAQ:FOXA)

Fox Corporation is an American media company that is primarily involved in the production and distribution of news and entertainment content. The company has a market capitalization of 15.38 billion as of 2022 and a return on equity of 11.49%. Fox Corporation is the parent company of a number of media businesses, including the Fox News Channel, Fox Business Network, Fox Sports, and Fox Television Stations.

– Klassik Radio AG ($LTS:0EXW)

Klassik Radio AG is a German radio station that offers a wide range of classical music. It has a market cap of 22.97M as of 2022 and a return on equity of 14.02%. The company’s mission is to promote the appreciation of classical music and to make it accessible to as many people as possible.

Summary

Nexstar Media is a strong dividend stock that has consistently issued a dividend of 2.08% yield per year over the past three years. Its annual dividend per share has been 4.05 USD, 3.6 USD and 2.8 USD, respectively, offering investors a reliable income stream with moderate risk. The stock is a good choice for those looking to invest in high-yielding dividend stocks and can be a reliable option for long-term investments due to its consistent performance.