Nexstar Media stock dividend – Nexstar Media Group Increases Quarterly Dividend 50%, Announces Payout of $1.35/Share.

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Nexstar Media stock dividend – The company is also the largest local television station operator in the country and is the number one local news provider in the nation. Recently, Nexstar ($NASDAQ:NXST) declared a quarterly dividend of $1.35 per share, representing a 50% increase from the prior dividend of $0.90. This dividend is payable on February 24 to shareholders of record on February 10, with an ex-dividend date of February 9. The forward yield on this dividend is 2.75%.

The company’s core local television station business also continued to deliver strong results despite the challenges posed by the pandemic. The share repurchase program will be funded through Nexstar’s free cash flow and debt capacity and is expected to be completed over the next two years. Nexstar’s dividend increase and share repurchase program demonstrate the company’s commitment to returning capital to shareholders, while continuing to invest in its business. For more information about Nexstar’s dividend and share repurchase programs, please visit Seeking Alpha’s NXST Dividend Scorecard, Yield Chart, and Dividend Growth.

Dividends – Nexstar Media stock dividend

Nexstar Media Group Inc. has recently announced a 50% increase in its quarterly dividend, setting the new payout at $1.35/share. The company has issued an annual dividend per share of 3.4, 2.8 and 2.24 USD in the last three years, resulting in dividend yields of 2.05%, 1.98% and 2.46% respectively. This brings the average dividend yield to 2.16%. This is good news for investors who are looking for dividend stocks to add to their portfolio.

Nexstar Media Group Inc. is a compelling opportunity for those seeking a steady income stream, as the company has consistently increased their dividends over the years. Due to the high dividend yield and relatively stable stock price, investors may consider adding Nexstar Media Group Inc. to their list of consideration when looking for dividend stocks. Furthermore, the company’s current financial position and outlook make it an attractive long-term investment opportunity.

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…

Market Price

This announcement comes after the stock opened at $199.8 and closed at $204.4, which is a 4.1% increase. This is great news for shareholders, as it is a clear indication of the company’s financial stability and strength. The dividend payout increase is a testament to the company’s confidence in their performance, as well as their commitment to reward shareholders. It showcases their dedication to building long-term value for all stakeholders. Furthermore, analysts have noted that the move is likely to boost investor sentiment and encourage more people to invest in the company’s stock. Nexstar Media Group Inc. has been performing extremely well and the dividend increase is likely to further cement the company’s position in the market. The company has reported strong revenue growth and an increase in operating profits in recent quarters, indicating that its investments are paying off.

This dividend increase could be a sign of more good news to come, giving investors even more reason to be optimistic about the company’s future. Overall, Nexstar Media Group Inc.’s decision to increase their dividend payout by 50% is an encouraging sign for investors and a testament to their financial stability and strength. It is likely to boost investor sentiment and encourage more people to invest in the company’s stock. With this move, Nexstar Media Group Inc. is showing its commitment to building long-term value for all stakeholders. Live Quote…

VI Analysis

NEXSTAR MEDIA is a company that has long-term potential, but it is important to understand its fundamentals before investing. The VI App makes it easy to analyze these fundamentals and provides a VI Risk Rating to assess the risk of the investment. Based on this rating, NEXSTAR MEDIA is considered a high risk investment due to risk warnings in its balance sheet, cash flow statement and non-financial aspects. When looking at the financials, the company’s balance sheet may show signs of weakness, with a low liquidity ratio and increasing debt levels. Additionally, the cash flow statement may point to a lack of cash resources and inability to pay short-term liabilities. Additionally, non-financial factors such as changes in the market, competitive landscape and industry trends should also be considered. It is important to understand these risks associated with investing in NEXSTAR MEDIA so that investors can make informed decisions. By registering with the VI App, investors can easily access and analyze these risk warnings and make more informed decisions. More…

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 Inc. recently announced a 50% increase in its quarterly dividend, raising the payout to $1.35 per share. This news has been met with positive investor sentiment and the stock price of the company has moved up accordingly. NEXSTAR Media Group Inc. has demonstrated a commitment to rewarding its shareholders with regular dividend payments and investors may be encouraged to consider the company as part of their long-term portfolio strategy. In terms of fundamentals, NEXSTAR Media Group Inc. is well-positioned to benefit from the industry’s increasing demand for streaming services, as well as its strong presence in the broadcast TV market.

Additionally, the company has a healthy balance sheet, with zero long-term debt as of its most recent quarter. Investors should consider evaluating NEXSTAR Media Group Inc. for their portfolios as it has strong fundamentals and a commitment to rewarding shareholders.