Nexstar Declares $1.86 Quarterly Dividend
Income investors holding Nexstar stock will receive the payout on November 27 if they are on record by November 13.
Updated on Nov. 3, 2026 in Public Companies
Nexstar Media Group's Board of Directors declared a quarterly cash dividend of $1.86 per share, payable Friday, November 27, to shareholders of record on Friday, November 13. The company, the largest single owner of broadcast TV stations in the nation, is a public company whose dividend decision matters to income-focused investors holding broadcast media equities.
Why it matters
A fixed quarterly payout is a signal of cash-flow confidence at a time when the stock has fallen 8.4% from a year ago and trades well below its early-March 2026 level above $250. Management's decision to maintain the payout while the share price weakens is the kind of capital-allocation choice operators and investors watch closely in a capital-intensive, advertising-dependent sector.
Nexstar's $1.86 quarterly dividend compares with a share price just under $180, down 8.4% from one year ago and well below its early-March 2026 level above $250. Seven analysts put consensus revenue at $2.07 billion for the quarter, including TEGNA and political advertising, while one analyst projects earnings per share of $11.87.
The players
Nexstar Media Group
Irving, Texas-based owner of broadcast television stations and the largest single owner of broadcast TV stations in the nation, whose revenue depends heavily on local advertising and political spending.
The details
A declared dividend is a board-approved cash distribution per common share, and it is paid to investors who hold the stock on the record date, here Friday, November 13. The payment itself, due Friday, November 27, is a fixed cash outflow the company must fund from operating cash flow and balance sheet resources. Because the consensus revenue figure bundles in TEGNA and political advertising, the quarter's results will reflect both the broadcast combination and the cyclical political ad cycle that typically lifts station revenue in an election year.
Timeline
Early March 2026: Nexstar stock traded above $250 per share.
Three-month period ending September 30, 2026: fiscal quarter covered by the upcoming results.
Thursday, November 5, 2026: Nexstar releases its Q3 2026 earnings report.
Friday, November 13, 2026: record date for shareholders eligible for the dividend.
Friday, November 27, 2026: dividend payment date.
Market Landscape
The dividend lands within the broadcast consolidation wave that has concentrated station ownership in fewer, larger groups. Nexstar's scale as the largest single owner of broadcast TV stations positions it to return cash while the combined TEGNA operation integrates.
Investors holding Nexstar for income should factor the $1.86 quarterly payout into their cash-flow expectations and check it against the upcoming results. Operators in advertising-dependent businesses should watch how broadcast station groups manage distributions during the election-year ad cycle.
The takeaway
The key insight is that a scaled station group is still declaring a fixed cash payout while its share price has fallen, which makes the November 5 earnings report the next checkpoint on whether that payout is well covered. Track revenue against the $2.07 billion consensus and confirm the dividend's record and payment dates on the calendar.
What happens next
Nexstar releases its Q3 2026 earnings report on Thursday, November 5, 2026, which will show whether revenue approaches the $2.07 billion consensus. The record date is Friday, November 13, and the dividend payment follows on Friday, November 27.
Further reading
Follow the latest market moves in the Public Companies section for context on how dividend decisions fit within the broader U.S. equity landscape.
