Nexstar Media Group, Inc. (NASDAQ:NXST) to Issue Quarterly Dividend of $1.86

Nexstar Media Group, Inc. (NASDAQ:NXST) announced a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 13th will be given a dividend of 1.86 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, February 13th.

Nexstar Media Group has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 12 years. Nexstar Media Group has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Nexstar Media Group to earn $13.68 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 54.4%.

Nexstar Media Group Price Performance

NXST stock opened at $212.38 on Friday. Nexstar Media Group has a 12 month low of $141.66 and a 12 month high of $223.36. The firm has a market cap of $6.44 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.79 and a beta of 0.84. The company’s 50-day moving average price is $203.82 and its two-hundred day moving average price is $198.72. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.14 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.48). The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Nexstar Media Group had a return on equity of 22.99% and a net margin of 10.02%.The firm’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.27 EPS. On average, analysts anticipate that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.