For many investors, a meaty dividend is a deciding factor in whether or not to snap up shares of a publicly traded company. For those that have been eyeing Nexstar Media Group, the time to buy could be now, thanks to a Board of Directors decision to declare a sizable fiscal “thank you” to those who hold its stock.
The Dallas-headquartered owner of more broadcast TV stations than any other company in the U.S. announced Friday that its board declared a quarterly cash dividend of $1.69 per share on its common stock, which opened trading on April 26 at $160.98, smack-dab in the middle of the year-to-date bell curve for “NXST.”
With its Q1 2024 earnings report due May 9, the dividend is payable to shareholders of record as of May 10. The cash bonus comes on May 24.
Eight analysts have chimed in on where they believe Nexstar’s Earnings Per Share will finish for Q1. That puts the consensus EPS at $3.97.
At the same time, 9 analysts offered their guess on where Nexstar’s Q1 2024 revenue will come in, and the consensus is $1.29 billion.
