Nexstar Media Group's last quarterly dividend payment of $1.69 per share was made to shareholders on record before Feb 8, 2024. At an annualized rate of $5.74 per share, the stock yields 3.54%. The latest NXST stock dividend of $1.69 is an increase from the previous $1.35 distribution, representing a growth of 25%.
Nexstar Media Group's dividend yield of 3.54% is higher than the Communication Services sector average but lower than the industry and its peers average. But if we consider the Communication Services sector average of 3.49%, Nexstar Media Group's dividend yield is only 1.4% higher. The current dividend yield is more than the historical average of 2.2% of the last 5 years.
Nexstar Media Group has been paying dividends for the last 11 years. According to our records NXST has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 42% since one year ago. And with the stock price down by 8% from a year ago, the dividend yield has grown by 54%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 8, 2024 | Feb 23, 2024 | Jan 26, 2024 | $1.69 | normal |
| Nov 9, 2023 | Nov 27, 2023 | Oct 27, 2023 | $1.35 | normal |
| Aug 9, 2023 | Aug 24, 2023 | Jul 27, 2023 | $1.35 | normal |
| May 11, 2023 | May 26, 2023 | Apr 28, 2023 | $1.35 | normal |
| Feb 9, 2023 | Feb 24, 2023 | Jan 27, 2023 | $1.35 | normal |
| Nov 10, 2022 | Nov 28, 2022 | Oct 28, 2022 | $0.9 | normal |
| Aug 10, 2022 | Aug 25, 2022 | Jul 28, 2022 | $0.9 | normal |
| May 12, 2022 | May 27, 2022 | Apr 29, 2022 | $0.9 | normal |
| Feb 10, 2022 | Feb 28, 2022 | Jan 28, 2022 | $0.9 | normal |
| Nov 10, 2021 | Nov 29, 2021 | Oct 28, 2021 | $0.7 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 29, 2021 | $0.7 | normal |
| May 13, 2021 | May 28, 2021 | Apr 29, 2021 | $0.7 | normal |
| Feb 11, 2021 | Feb 26, 2021 | Jan 28, 2021 | $0.7 | normal |
| Nov 5, 2020 | Nov 20, 2020 | Oct 22, 2020 | $0.56 | normal |
| Aug 6, 2020 | Aug 21, 2020 | Jul 24, 2020 | $0.56 | normal |
| May 14, 2020 | May 29, 2020 | Apr 30, 2020 | $0.56 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Jan 30, 2020 | $0.56 | normal |
| Nov 7, 2019 | Nov 22, 2019 | Oct 24, 2019 | $0.45 | normal |
| Aug 8, 2019 | Aug 23, 2019 | Jul 25, 2019 | $0.45 | normal |
| May 9, 2019 | May 24, 2019 | Apr 26, 2019 | $0.45 | normal |
| Feb 7, 2019 | Feb 22, 2019 | Jan 24, 2019 | $0.45 | normal |
| Nov 15, 2018 | Nov 30, 2018 | Oct 25, 2018 | $0.375 | normal |
| Aug 9, 2018 | Aug 24, 2018 | Jul 26, 2018 | $0.375 | normal |
| May 10, 2018 | May 25, 2018 | Apr 26, 2018 | $0.375 | normal |
| Feb 15, 2018 | Mar 2, 2018 | Feb 1, 2018 | $0.375 | normal |
| Nov 16, 2017 | Dec 1, 2017 | Oct 27, 2017 | $0.3 | normal |
| Aug 9, 2017 | Aug 25, 2017 | Jul 28, 2017 | $0.3 | normal |
| May 10, 2017 | May 26, 2017 | Apr 20, 2017 | $0.3 | normal |
| Feb 8, 2017 | Feb 24, 2017 | Jan 26, 2017 | $0.3 | normal |
| Nov 2, 2016 | Nov 18, 2016 | Oct 24, 2016 | $0.24 | normal |
| Aug 10, 2016 | Aug 26, 2016 | Jul 21, 2016 | $0.24 | normal |
| May 11, 2016 | May 27, 2016 | Apr 21, 2016 | $0.24 | normal |
Nexstar Media Group's payout ratio of 58.7% is above the Communication Services sector and the industry average. If we compare it with its Communication Services sector average of 40.1%, Nexstar Media Group's payout ratio is 46% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EVC Entravision Communications Corp | 9.37% | $0.2 | N/A |
| SBGI Sinclair Broadcast Group Inc | 8.1% | $1 | N/A |
| NXST Nexstar Media Group Inc | 3.5% | $5.74 | 58.7% |
| CMCSA Comcast Corp | 2.95% | $1.18 | 31.6% |
| FOXA Fox Corp | 1.66% | $0.52 | 30.8% |
| SSP EW SCRIPPS Co | N/A | N/A | N/A |
Yes, Nexstar Media Group has been paying dividends for the last 11 years.
NXST hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in May 2024.
Nexstar Media Group's last regular dividend was on Feb 8, 2024 (ex-date) with the amount of $1.69 per share.
NXST's annualized dividend per share is $5.74.
Currently Nexstar Media Group's dividend yield is 3.54%.
Nexstar Media Group pays four dividends per year.
Nexstar Media Group's dividend payout ratio is 58.7%.
Nexstar Media Group's dividend yield is in line with the Communication Services sector average.