Nexstar Media Group, Inc.
NXSTCommunication Services · Broadcasting · Stock · quarterly payer
Forward Yield
4.52%
Annual Dividend
$7.44
Payout Ratio
141%
5-Yr Growth
27.1%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Key facts about NXST's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Nexstar Media Group, Inc. (NXST) has a forward dividend yield of 4.52%, based on an annual dividend of $7.44 per share and a share price of $164.59.
- As of Oct 18, 2026, NXST's dividend safety grade from SmarterDividends is B (75 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Nexstar Media Group, Inc. (NXST) has raised its dividend for 12 consecutive years as of Oct 18, 2026.
- NXST has never cut its regular dividend in the payment history SmarterDividends has on record.
- NXST's most recent ex-dividend date was Aug 14, 2026, for a dividend of $1.86 per share.
- As of Oct 18, 2026, NXST pays out 141% of its trailing 12-month earnings as dividends (its payout ratio).
- NXST's dividend has grown at an average rate of 27.1% a year over the past five years.
- As of Oct 18, 2026, NXST's 4.52% yield is 47% above its five-year average yield of 3.07%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for NXST is $271.48 per share, 65% above the $164.59 share price, so NXST screens as undervalued.
- Nexstar Media Group, Inc. (NXST) pays its dividend quarterly, 4 times a year.
- Nexstar Media Group, Inc. (NXST) has raised its regular dividend 12 times and cut it 0 times across the 55 payments on record since 2013. Its most recent change was a 10.1% increase to $1.86 per share, going ex-dividend on Feb 12, 2025.
Cite this page
SmarterDividends, "NXST Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/NXST
Summary
As of Oct 18, 2026, Nexstar Media Group, Inc. (NXST) yields 4.52% ($7.44 a year per share), has a dividend safety grade of B (75/100) and has 12 consecutive years of dividend increases on record.
Is NXST a good dividend stock?
YesNexstar Media Group, Inc. (NXST) pays a quarterly dividend yielding 4.52% ($7.44/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 27.1% 5-yr dividend growth
Risks
- Elevated payout ratio (141%)
Key Data
- Dividend Yield
- 4.52%
- Payout Ratio
- 141%
- Annual Dividend
- $7.44
- 5-Yr Avg Growth
- 27.1%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.93
- Market Cap
- $5.1B
- P/E Ratio
- 31.2
- 5-Yr Total Return
- 10%
- 52-Week Range
- $153.17 – $254.30
- Dividend Safety
- B · 75/100
- Ever Cut?
- No
NXST dividend raises and cuts
Nexstar Media Group, Inc. (NXST) has raised its regular dividend 12 times and cut it 0 times across the 55 payments on record since 2013. Its most recent change was a 10.1% increase to $1.86 per share, going ex-dividend on Feb 12, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 12, 2025 | Raise | $1.69 → $1.86 | +10.1% |
| Feb 8, 2024 | Raise | $1.35 → $1.69 | +25.2% |
| Feb 9, 2023 | Raise | $0.900 → $1.35 | +50.0% |
| Feb 10, 2022 | Raise | $0.700 → $0.900 | +28.6% |
| Feb 11, 2021 | Raise | $0.560 → $0.700 | +25.0% |
| Feb 13, 2020 | Raise | $0.450 → $0.560 | +24.4% |
| Feb 7, 2019 | Raise | $0.375 → $0.450 | +20.0% |
| Feb 15, 2018 | Raise | $0.300 → $0.375 | +25.0% |
| Feb 8, 2017 | Raise | $0.240 → $0.300 | +25.0% |
| Feb 10, 2016 | Raise | $0.190 → $0.240 | +26.3% |
| Feb 11, 2015 | Raise | $0.150 → $0.190 | +26.7% |
| Feb 12, 2014 | Raise | $0.120 → $0.150 | +25.0% |
Frequently Asked Questions
Is NXST a good dividend stock?
Yes. Nexstar Media Group, Inc. (NXST) pays a quarterly dividend yielding 4.52% ($7.44/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is NXST undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NXST's fair value is about $271.48 versus a $164.59 share price — so it looks undervalued (+65% vs. fair value).
Is NXST's dividend safe?
NXST has a dividend-safety grade of B (75/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is NXST's fair value?
Our blended fair-value estimate for NXST is about $271.48 per share, roughly 65% above the current $164.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NXST a buy, hold, or sell?
We don't issue formal ratings, but on the data NXST screens as "yes" and undervalued. Nexstar Media Group, Inc. (NXST) pays a quarterly dividend yielding 4.52% ($7.44/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will NXST cut its dividend?
NXST earns a dividend-safety grade of B (75/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NXST pay a dividend?
Yes. Nexstar Media Group, Inc. pays a quarterly dividend of about $7.44 per share annually, a forward yield of roughly 4.52%.
What is NXST's dividend yield?
As of Oct 18, 2026, NXST's forward dividend yield is 4.52%, based on a $7.44 annual dividend and a $164.59 share price.
What is NXST's dividend per share?
As of Oct 18, 2026, NXST pays $7.44 per share per year, distributed on a quarterly basis.
What is NXST's dividend payout ratio?
As of Oct 18, 2026, NXST's payout ratio is 141% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has NXST grown its dividend?
As of Oct 18, 2026, NXST has increased its dividend for 12 consecutive years.
When is the next NXST ex-dividend date?
As of Oct 18, 2026, NXST's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $1.86 per share.
NXST Price — Last 12 Months
Daily close
Price Return
1 Year
-14%
3 Years
+16%
5 Years
+10%
52-Week Range
$153.17 – $254.30
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NXST worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Nexstar Media Group, Inc. is $271.48 per share, versus a market price of $164.59. That implies 65% of upside — a margin of safety of about 39%.
Fair Value
$271.48
Current Price
$164.59
Upside
+65%
Margin of Safety
39%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.5% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.9% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $5.28 EPS, $7.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NXST Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NXST dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Aug 28, 2026 | $1.8600 | regular |
| May 15, 2026 | May 29, 2026 | $1.8600 | regular |
| Feb 13, 2026 | Feb 27, 2026 | $1.8600 | regular |
| Nov 12, 2025 | Nov 26, 2025 | $1.8600 | regular |
| Aug 15, 2025 | Aug 29, 2025 | $1.8600 | regular |
| May 19, 2025 | Jun 2, 2025 | $1.8600 | regular |
| Feb 12, 2025 | Feb 26, 2025 | $1.8600 | regular |
| Nov 15, 2024 | Nov 29, 2024 | $1.6900 | regular |
| Aug 9, 2024 | Aug 23, 2024 | $1.6900 | regular |
| May 9, 2024 | May 24, 2024 | $1.6900 | regular |
| Feb 8, 2024 | Feb 23, 2024 | $1.6900 | regular |
| Nov 9, 2023 | Nov 27, 2023 | $1.3500 | regular |
| Aug 9, 2023 | Aug 24, 2023 | $1.3500 | regular |
| May 11, 2023 | May 26, 2023 | $1.3500 | regular |
Income Calculator
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