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

Nexstar Media Group, Inc. (NASDAQ:NXST) declared a quarterly dividend on Thursday, January 29th. 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) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 13th.

Nexstar Media Group has increased its dividend payment 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 dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.3%

Shares of NXST opened at $245.59 on Wednesday. The stock has a market capitalization of $7.45 billion, a PE ratio of 15.23, a P/E/G ratio of 0.91 and a beta of 0.85. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.87 and a current ratio of 1.87. Nexstar Media Group has a 1 year low of $141.66 and a 1 year high of $254.30. The company’s 50-day simple moving average is $208.37 and its 200-day simple moving average is $200.75.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NXST shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup dropped their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.50.

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.