Hey, it’s a good dividend already … right?
Nexstar Media Group‘s Board of Directors has elected to maintain its current dividend rate. That said, it is one of the biggest cash rewards out there when it comes to broadcast media stocks.
Nasdaq-traded Nexstar’s board put its stamp of approval on another quarterly cash dividend of $1.86 per share of its common stock.
The dividend is payable on Friday, February 27, to shareholders of record on Friday, February 13.
Why did the board repeat the cash dividend amount from Q3 2025? It explained that the “pending accreditive acquisition” of TEGNA led the Nexstar board to leave things be.
“Excess cash will instead be used to finance the acquisition and/or repay debt,” Nexstar said, noting that its dividend “remains a core element of its capital allocation strategy” and reflects Nexstar’s long-term financial strength.
Nexstar’s current annualized dividend yield of 3.59% based on the January 29, 2026 closing stock price, placing it in the 78th percentile of all dividend payers in the S&P 400.
Shareholders have enjoyed a 52-week period in which “NXST” has grown 32% in value, with shares powering upward since May 2025 to reach a record high of $219.27 on January 22.
While Nexstar intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion, including future increases, the Dallas-headquartered controller of The CW and owner of WGN Radio, broadcast TV stations including WFLA-8 in Tampa and KOIN-6 in Portland, and NewsNation said.
