Nexstar Media Group, Inc. (NXST) To Go Ex-Dividend on February 13th

Nexstar Media Group, Inc. (NASDAQ:NXST) declared a quarterly dividend on Friday, January 30th. Shareholders 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 dividend 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%per year over the last three years and has increased 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. Equities 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 Trading Up 2.6%

Shares of 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 company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76. The stock’s 50-day moving average price is $203.82 and its 200-day moving average price is $198.85. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.79 and a beta of 0.84.

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

About Nexstar Media Group

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.