Nexstar Media stock dividend – Nexstar Media Announces Quarterly Dividend of $0.90 per Share

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Nexstar Media ($NASDAQ:NXST) is a publicly traded company that owns, operates and/or provides services to television and radio stations in the United States. The company has announced a quarterly dividend of $0.90 per share, which is in line with the previous dividend. The forward yield is 2.02%. The dividend will be payable on November 28 to shareholders of record on November 14, and the ex-dividend date is November 10. This dividend payout marks the company’s continued commitment to returning value to shareholders. This most recent dividend hike marks the fourth consecutive year that the company has increased its dividend payout. Nexstar Media remains well-positioned for continued success in the future. The company continues to invest in its local communities through its commitment to quality journalism and its support of local programming.

In addition, Nexstar Media’s focus on operational excellence and disciplined financial management should continue to generate strong financial results going forward.

Dividends – Nexstar Media stock dividend

NEXSTAR MEDIA Group, Inc. , a leading diversified media company, today announced that its Board of Directors has declared a quarterly cash dividend of $0.90 per share of common stock. The dividend is payable on September 10, 2020 to shareholders of record at the close of business on August 31, This marks the fifteenth consecutive quarter that Nexstar has paid a cash dividend to its shareholders. Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms.

Price History

On Friday, Nexstar Media announced a quarterly dividend of $0.90 per share. 178.5. The stock opened at $179.1 and closed at $181.0 on the news. Nexstar Media is one of the largest broadcasting companies in the United States.

Nexstar Media Group is led by chairman, president, and CEO Perry A. Sook. The company has been growing its dividend for several years. This most recent increase is just another example of Nexstar Media’s commitment to rewarding its shareholders.

VI Analysis

Its fundamentals reflect its long-term potential, and its VI Star Chart shows that it is classified as a ‘rhino’. This type of company has achieved moderate revenue or earnings growth. Investors interested in such companies may be attracted to NEXSTAR MEDIA‘s dividend yield, growth potential, and profitability.

However, the company’s asset base is relatively weak. NEXSTAR MEDIA has an intermediate health score of 6/10 considering its cashflows and debt, which suggests that it may be able to sustain future operations in times of crisis.

VI 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 Group is a publicly traded company that owns, operates, and programs television and digital media properties. In addition to its television station portfolio, Nexstar Media Group owns two digital media assets, Circle Media and Timeshare Exchange International. Nexstar Media Group’s stock is publicly traded on the Nasdaq Global Select Market under the ticker symbol NXST. Nexstar Media Group is led by Chairman, President, and CEO Perry Sook.

Investors interested in purchasing shares of Nexstar Media Group can do so through any major brokerage firm. Nexstar Media Group does not have a direct stock purchase plan.