Today’s Dividend On Watch: $0.24 dividends are now a reality for Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) shareholders. Here’s why.

Today's Dividend On Watch: $0.24 dividends are now a reality for Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) shareholders. Here's why.

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) is expected to pay $0.24 on Nov 18, 2016. The indicated annual dividend is $0.96. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Nexstar Broadcasting Group, Inc.’s current price of $48.80, the dividend is 0.49%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 24, 2016. The stock increased 0.21% or $0.1 on October 31, hitting $48.8. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has risen 11.59% since March 30, 2016 and is uptrending. It has outperformed by 8.58% the S&P500.

Nexstar Broadcasting Group, Inc. is a television broadcasting and digital media company. The company has a market cap of $1.50 billion. The Firm is focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. It has a 17.05 P/E ratio. The Company’s divisions include Broadcasting and Other.

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.79, from 1.82 in 2016Q1. The ratio turned negative, as 18 funds sold all Nexstar Broadcasting Group, Inc. shares owned while 59 reduced positions. 21 funds bought stakes while 58 increased positions. They now own 36.06 million shares or 0.10% more from 36.02 million shares in 2016Q1.
Pinnacle last reported 0.11% of its portfolio in the stock. Credit Suisse Ag last reported 0.01% of its portfolio in the stock. Ftb, a Tennessee-based fund reported 487 shares. Amer Century last reported 139,721 shares in the company. Finemark Savings Bank & owns 58 shares or 0% of their US portfolio. Skytop Capital Mgmt Limited Liability reported 219,596 shares or 9.04% of all its holdings. The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Citadel Ltd Liability accumulated 55,084 shares or 0% of the stock. The New York-based Goldman Sachs Inc has invested 0.01% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Gam Hldgs Ag has invested 0.01% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Blackrock Fund Advsr has 0.01% invested in the company for 719,942 shares. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Numeric Investors Ltd Limited Liability Company holds 0.01% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 20,900 shares. Massmutual Fsb Adv holds 0% or 6,863 shares in its portfolio. Keeley Asset Mngmt last reported 1.59% of its portfolio in the stock.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 2 selling transactions for $587,479 net activity. Carter Thomas had sold 1,236 shares worth $63,679. Russell Blake also sold $523,800 worth of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) on Thursday, August 11.

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) Ratings Coverage

Out of 2 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Nexstar Broadcasting Group has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was initiated by Barrington Research on Tuesday, December 22 with “Outperform”. Zacks upgraded the stock to “Hold” rating in Wednesday, August 5 report. The stock of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) earned “Overweight” rating by Stephens on Wednesday, November 18. The stock of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) earned “Buy” rating by Jefferies on Tuesday, September 29.

More notable recent Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and CMS Energy” on October 31, 2016, also Prnewswire.com with their article: “In Largest Multicast Network Distribution Launch in History, Nexstar …” published on June 15, 2016, Businesswire.com published: “Nexstar Broadcasting Group Enters into Definitive Agreement to Acquire Media …” on January 27, 2016. More interesting news about Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and WEC …” published on August 08, 2016 as well as Businesswire.com‘s news article titled: “Nexstar Broadcasting to Webcast Fireside Chat at Goldman Sachs Communacopia …” with publication date: September 21, 2016.

NXST Company Profile

Nexstar Broadcasting Group, Inc. (Nexstar), incorporated on May 17, 2001, is a television broadcasting and digital media company. The Firm is focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. The Company’s divisions include Broadcasting and Other. The Company’s broadcast segment includes television stations and related community focused Websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States. The Firm owns, operates, programs or provides sales and other services to approximately 100 full power television stations in over 60 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Missouri, Montana, Nevada, New York, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia and Wisconsin.

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