NXST (Nexstar Media Group) Dividend Payout Ratio: 0.37 (As of Mar. 2026) — 54% Above Median

What is Nexstar Media Group Dividend Payout Ratio?

Nexstar Media Group NXST +6.07% 85 Dividend Payout Ratio is 0.37 as of Mar. 2026, which is 54% above its 10-year median of 0.24. GuruFocus rates NXST with a GF Score™ of 85/100 and a GF Value™ of $220.11 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 325 Media - Diversified companies, Nexstar Media Group ranks worse than 92% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nexstar Media Group's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.37.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nexstar Media Group Inc is 1.60, which seems too high.

The historical rank and industry rank for Nexstar Media Group's Dividend Payout Ratio or its related term are showing as below:

NXST' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.24 Max: 1.6
Current: 1.6

During the past 13 years, the highest Dividend Payout Ratio of Nexstar Media Group was 1.60. The lowest was 0.12. And the median was 0.24.

NXST's Dividend Payout Ratio is ranked worse than
92% of 325 companies
in the Media - Diversified industry
Industry Median: 0.5 vs NXST: 1.60

As of today (2026-06-28), the Dividend Yield % of Nexstar Media Group is 4.54%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nexstar Media Group was 4.70%. The lowest was 1.33%. And the median was 1.87%.

Nexstar Media Group's Dividends per Share for the months ended in Mar. 2026 was $1.86.

During the past 12 months, Nexstar Media Group's average Dividends Per Share Growth Rate was 7.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 27.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 29.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 26.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nexstar Media Group was 34.20% per year. The lowest was 23.10% per year. And the median was 26.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Nexstar Media Group (NAS:NXST) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nexstar Media Group Dividend Payout Ratio Related Terms

Nexstar Media Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nexstar Media Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nexstar Media Group Dividend Payout Ratio Chart

Nexstar Media Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.14

0.52

0.32

0.57

Nexstar Media Group Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.55	0.61	0.87	0.00	0.37

NXST vs NMAX, SBGI, IHRT: Dividend Payout Ratio Comparison

For the Broadcasting subindustry, Nexstar Media Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nexstar Media Group Dividend Payout Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nexstar Media Group's Dividend Payout Ratio falls into.

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85GF Score

Nexstar Media Group Inc NXST

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Nexstar Media Group Dividend Payout Ratio Calculation

Nexstar Media Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	7.44	/	13.162
	=	0.57

Nexstar Media Group's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	1.86	/	5.09
	=	0.37

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.37 mean?

Nexstar Media Group (NXST) has a Dividend Payout Ratio of 0.37 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nexstar Media Group and its competitors. This is 54% above median its historical median of 0.24. Over the past decade, Nexstar Media Group's Dividend Payout Ratio has ranged from 0.12 to 1.60. According to the industry distribution chart, Nexstar Media Group ranks #299 out of 325 companies in the Media - Diversified industry, placing it in the top 92%.

Is Nexstar Media Group's Dividend Payout Ratio too high?

Nexstar Media Group's current Dividend Payout Ratio of 0.37 is 54% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.60. The Media - Diversified industry median Dividend Payout Ratio is 0.50. Nexstar Media Group's value of 0.37 is 26% below this industry median. Based on the distribution chart, Nexstar Media Group ranks #299 out of 325 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Nexstar Media Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Nexstar Media Group's Dividend Payout Ratio compare to NMAX and SBGI?

According to the Media - Diversified industry distribution chart, Nexstar Media Group ranks #299 out of 325 companies for Dividend Payout Ratio. This places Nexstar Media Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Nexstar Media Group's value of 0.37 is 26% below this benchmark. Historically, Nexstar Media Group's own Dividend Payout Ratio has ranged from 0.12 to 1.60 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.50, Nexstar Media Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Media - Diversified company?

The median Dividend Payout Ratio among Media - Diversified companies is 0.50, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nexstar Media Group's current Dividend Payout Ratio of 0.37 is 26% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nexstar Media Group and its competitors. For the Media - Diversified industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nexstar Media Group's current Dividend Payout Ratio is 0.37, which is 54% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nexstar Media Group stock overvalued right now?

Based on GuruFocus' analysis, Nexstar Media Group (NXST) is currently considered Modestly Undervalued. The stock's GF Value™ is $220.11, compared to a current price of $164.03 — trading 25.5% below its estimated fair value. The current Dividend Payout Ratio is 0.37, which is 54% above median its 10-year median of 0.24 and 26% below the Media - Diversified industry median of 0.50. Nexstar Media Group's overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Nexstar Media Group (NXST), the current Dividend Payout Ratio is 0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nexstar Media Group (NXST) Overvalued in 2026?

Based on GuruFocus' analysis, Nexstar Media Group stock appears to be undervalued. The current stock price of $164.03 is trading 25.5% below its estimated GF Value™ of $220.11. GuruFocus considers Nexstar Media Group to be Modestly Undervalued.

Key valuation signals for NXST:

Dividend Payout Ratio: 0.37 (54% above median its 10-year median of 0.24)
GF Value™: $220.11 vs. price of $164.03 (25.5% below fair value)
GF Score™: 85/100 with 8 warning signs
Industry Position: 26% below the Media - Diversified median (#299 of 325)

No single metric tells the full story. See the NXST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nexstar Media Group Business Description

Industry Communication Services Media - Diversified

Comparable Companies NMAX SBGI IHRT GTN.A SSP FUBO CURI MDIA SGA CAST LUX:SESGL TSE:9412 TSE:9401 XTER:RRTL TSE:9404 LSE:ITV TSE:4676 MIL:MFEB SHSE:600959 SAU:4072

Other Exchanges 1NXST:Italy NXZ:Germany

Address 545 E. John Carpenter Freeway, Suite 700, Irving, TX, USA, 75062

Website https://www.nexstar.tv

Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Assuming its merger with Tegna is affirmed Nexstar's station total would exceed 259 and reach 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.

85GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$164.03

Price

$220.11

GF Value

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