Nexstar Shares Bounce Back Above $100 Mark, Dividend Comes


With Friday’s Closing Bell on Wall Street, NXST is at $103.29 per share. The performance completes a week of upward movement for the broadcast TV company’s stock, and returns it to a level last seen a month ago.

Now, can Nexstar Media Group propel past prices seen six months ago?

That’s a question more than one investor may have, as NXST on April 26 was $116.85 per share, rocketing toward an all-time high.

The answer they’ll likely have is yes. Nexstar is a company with a stock that has grown considerably after short-term dips. And, the same looks to have just occurred for the company.

A 1-year target estimate of $135.33 is in place.

It bears a forward dividend of 1.80 and a yield of 1.85%.

For investors, owning NXST will come with a nice reward: a hefty quarterly cash dividend.

Nexstar’s Board of Directors on Friday declared a quarterly cash dividend of $0.45 per share of its Class A common stock.

The dividend is payable on Friday, November 22, to shareholders of record on Friday, November 8.