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Nexstar Media Group (Nexstar Media Group) Dividend Yield %

: 3.59% (As of Today)
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As of today (2024-04-23), the Trailing Annual Dividend Yield of Nexstar Media Group is 3.59%.

Good Sign:

Nexstar Media Group Inc stock dividend yield is close to 10-year high.

The historical rank and industry rank for Nexstar Media Group's Dividend Yield % or its related term are showing as below:

NXST' s Dividend Yield % Range Over the Past 10 Years
Min: 0.34   Med: 1.66   Max: 3.76
Current: 3.59

During the past 13 years, the highest Dividend Yield of Nexstar Media Group was 3.76%. The lowest was 0.34%. And the median was 1.66%.

NXST's Dividend Yield % is ranked better than
56.92% of 383 companies
in the Media - Diversified industry
Industry Median: 2.98 vs NXST: 3.59

Nexstar Media Group's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.34.

During the past 13 years, the highest Dividend Payout Ratio of Nexstar Media Group was 0.53. The lowest was 0.12. And the median was 0.23.

As of today (2024-04-23), the Forward Dividend Yield % of Nexstar Media Group is 4.18%.

Nexstar Media Group's Dividends per Share for the three months ended in Dec. 2023 was $1.35.

During the past 12 months, Nexstar Media Group's average Dividends Per Share Growth Rate was 50.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 34.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 28.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 25.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nexstar Media Group was 34.10% per year. The lowest was 23.10% per year. And the median was 25.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Nexstar Media Group Dividend Yield % Historical Data

The historical data trend for Nexstar Media Group's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nexstar Media Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 2.05 1.85 2.04 3.45

Nexstar Media Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.04 2.34 2.70 3.45 3.45

Competitive Comparison

For the Entertainment subindustry, Nexstar Media Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nexstar Media Group Dividend Yield % Distribution

For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Nexstar Media Group's Dividend Yield % falls into.



Nexstar Media Group Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Nexstar Media Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.6902024-02-082024-02-092024-02-23Cash DividendquarterlyUSD:USD 1.000000
USD 1.3502023-11-092023-11-102023-11-27Cash DividendquarterlyUSD:USD 1.000000
USD 1.3502023-08-092023-08-102023-08-24Cash DividendquarterlyUSD:USD 1.000000
USD 1.3502023-05-112023-05-122023-05-26Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Nexstar Media Group's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=5.74/161.01
=3.56 %

Current Share Price is $161.01.
Nexstar Media Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.74.

Nexstar Media Group's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=6.76/161.01
=4.20 %

Current Share Price is $161.01.
Nexstar Media Group's Dividends per Share for the forward twelve months is calculated as $1.69 * 4 = $6.76.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nexstar Media Group  (NAS:NXST) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Nexstar Media Group Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Nexstar Media Group's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nexstar Media Group (Nexstar Media Group) Business Description

Traded in Other Exchanges
Address
545 E. John Carpenter Freeway, Suite 700, Irving, TX, USA, 75062
Nexstar is the largest television station owner/operator in the United States, with 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.
Executives
Blake Russell officer: Vice President, Marketing 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Thomas Carter officer: Senior Advisor 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Charles Thomas Mcmillen director 1103 SOUTH CAROLINA AVENUE, WASHINGTON DC 20003
D Geoffrey Armstrong director 5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706
Gary Weitman officer: See Remarks 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Dana Zimmer officer: President, Distribution 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Sean Compton officer: President, Networks 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Jay M. Grossman director C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, BOSTON MA 02199
Michael Biard officer: President & COO C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Lee Ann Gliha officer: EVP, Chief Financial Officer 545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Perry A Sook director, officer: Chief Executive Officer 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Royce A. Wells director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Rachel Morgan officer: EVP General Counsel 545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Andrew Alford officer: See Remarks 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Brett Jenkins officer: Chief Technology Officer C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, STE 700, IRVING TX 75062