Nexstar Media Group Announces $1.86 Cash Dividend per Share on Ex-Dividend Date of November 12, 2025

Introduction

Nexstar Media Group (NXST) continues to reinforce its position as a dependable dividend payer, with its latest cash dividend announcement of $1.86 per share on the ex-dividend date of November 12, 2025. The company’s consistent dividend approach is in line with broader industry trends where media and broadcasting firms increasingly use dividends to return capital to shareholders amid digital transformation and shifting ad revenue models. Leading into the ex-dividend date, the stock has shown minimal volatility, indicating investor confidence in the firm’s financial health and strategic direction.

Dividend Overview and Context

The key metrics to understand the significance of this dividend include:

• Cash Dividend Per Share (DPS): $1.86
• Ex-Dividend Date: November 12, 2025
• Dividend Yield (based on $1.86 DPS and market cap as of recent closing price): Not disclosed but typically in line with peers at ~5–7%

The ex-dividend date is the cutoff for investors to qualify for the dividend. On this date, the stock price typically adjusts downward by roughly the dividend amount. This adjustment reflects the transfer of value from the company to its shareholders.

Backtest Analysis

A recent backtest analyzed NXST’s historical performance around dividend events:

• Timeframe: 11 dividend events over the past several years
• Strategy Assumptions: No reinvestment of dividends, with price recovery measured from ex-dividend date
• Key Findings:
• The average recovery period from dividend drops is 2.67 days
• 82% probability of price recovery within 15 days
• Strong and consistent rebound pattern observed, suggesting investor confidence and market absorption of the event impact

Driver Analysis and Implications

Nexstar’s recent financial performance supports its ability to sustain and potentially grow its dividend. The latest quarterly report highlights:

• Total Revenue: $3.92 billion
• Operating Income: $511 million
• Net Income Attributable to Common Shareholders: $480 million
• Earnings Per Share (EPS): $14.17 (basic), $13.96 (diluted)

These metrics indicate robust profitability and strong cash flow, supporting a payout ratio that appears well-managed and sustainable. In a macroeconomic environment where media and broadcasting firms are navigating evolving digital ad platforms and content delivery models, Nexstar’s consistent financial performance and disciplined capital allocation stand out.

Investment Strategies and Recommendations

Given the short-term price recovery trend observed in the backtest, investors may consider the following:

• Short-Term Strategy: Buy before the ex-dividend date and sell after the 15-day recovery window, capitalizing on the reversion to a normalized price.
• Long-Term Strategy: Add NXST to a dividend-focused portfolio due to its strong fundamentals and stable payout history.
• Reinvestment Strategy: Reinvesting dividends can compound long-term returns, especially for income-focused investors.

Conclusion & Outlook

Nexstar Media Group’s $1.86 per share cash dividend, announced with the ex-dividend date of November 12, 2025, reflects a strong balance sheet and a commitment to shareholder returns. The historical backtest of price recovery offers actionable insights for short-term traders and reinforces the company’s appeal for long-term income investors. Investors should keep an eye on Nexstar’s next earnings report for further confirmation of financial health and guidance on future dividend sustainability.