Nexstar Media dividend yield – Nexstar Media Group Declares 1.35 Cash Dividend

Dividends Yield

Nexstar Media dividend yield – Nexstar Media ($NASDAQ:NXST) Group Inc. (NEXSTAR MEDIA) has recently declared a cash dividend of 1.35 USD to be paid on February 1 2023. This is the fourth year in a row that NEXSTAR MEDIA has issued annual dividends for its shareholders. The company has issued annual dividends per share of 3.4, 2.8 and 2.24 USD for the past three years, yielding 2.05%, 1.98% and 2.46%, respectively, with an average yield of 2.16%. NEXSTAR MEDIA is a media conglomerate based in Dallas, Texas. With revenue of over 3 billion USD in 2020, NEXSTAR MEDIA is the largest television broadcaster in the U.S. It also owns and operates several premium cable and satellite networks, such as WGN America, Antenna TV, and Circle.

If you are looking for dividend stocks, NEXSTAR MEDIA might be a great choice with its upcoming ex-dividend date being February 9 2023. With its impressive dividend yield, investors may want to keep an eye on it and consider investing in the stock to benefit from the upcoming dividend payout. Investors should keep in mind that dividends are not guaranteed and that past performance is not indicative of future results. Furthermore, the company’s dividend policy may change over time at the discretion of NEXSTAR MEDIA’s board of directors.

Stock Price

The news of the dividend caused a surge in the stock price of NEXSTAR MEDIA that day, with the stock opening at $203.7 and closing at $210.9, up by 3.0% from the previous closing price of 204.8. The dividend is seen as a boost for the company’s shareholders, as it marks a significant return on their investment. The company is well-positioned to benefit from the ongoing growth of digital and mobile content consumption, making it an attractive investment for many shareholders. 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

NEXSTAR MEDIA has been analyzed for their wellbeing by GoodWhale. According to Star Chart, the company is strong in dividend, growth, and profitability, and weak in asset. NEXSTAR MEDIA has a high health score of 8/10, showing that it is capable of safely riding out any crisis without the risk of bankruptcy. They have been classified as a ‘rhino’, meaning they have achieved moderate revenue and earnings growth. Investors interested in this type of company may be those who are looking for steadier, more reliable returns rather than investing in high-risk, high-reward stocks. They are likely more conservative investors who are happy to stay with a reliable company, rather than trying to make a quick profit on volatile investments. Another group of investors that may be interested in this type of company are those who want to invest for the long-term. NEXSTAR MEDIA is a company that can provide a stable return for investors who are willing to wait for the payoff. For those willing to invest in an established company, NEXSTAR MEDIA could offer a safe and dependable option. As a ‘rhino’ company, it has achieved moderate growth and profitability, and its health score indicates that it is strong enough to survive any economic downturns that may occur. NEXSTAR MEDIA is a company that could provide a reliable return for investors who are looking for steady returns without taking on too much risk. 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 great dividend stock pick with a steady yield of 2.16%. Over the past three years they have issued dividends of 3.4, 2.8 and 2.24 USD per share, yielding 2.05%, 1.98% and 2.46%, respectively. The company has an upcoming ex-dividend date on February 9 2023, meaning investors who purchase before this date are eligible for the upcoming dividend payment. Investing in NEXSTAR MEDIA is advantageous because it provides a relatively safe source of income due to its consistent dividend payments. Moreover, their dividends have been increasing over time, indicating that their financial performance is improving and making it a good long-term investment option.

Additionally, the stock price has remained relatively stable over the past few years, making it a good choice for investors with a low risk appetite.