Interesting Dividend Stocks On My Radar Today
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Intro
I’m kicking off my 🎯 dividend hunt for today, and one name have caught my eye in my main portfolio.
There is a lot of volatility expected in the market this week. The new Donald Trump administration is changing the rules of the game, the market will react. There is always something happening in the world and in times of uncertainty, the dividend strategy is especially good.
I decided to revisit my watchlist to spot any promising dividend opportunities that could boost my portfolio.
After some digging today, I found one solid idea for now that I plan to add to my main portfolio today.
Let Me Share It with You!
The company I am hunting Today, has built an impressive reputation for reliability and growth.
Imagine a company offering a 4.61% dividend yield with an annual dividend of $6.76 per share. Over the past three years, this company has achieved a remarkable 34.15% growth in dividends. They also declared solid dividend hike recently after strong Q4 results.
With a payout ratio of 39.10%, it maintains a healthy balance between rewarding shareholders and reinvesting in growth.
Intrigued? Let’s explore further. Looks good? It is.
🎯 My Dividend Hunt Today: Who’s on the Radar? Let Me Walk You Through!
When I go on a dividend hunt, I focus on buying stocks at great prices with a long-term perspective guided by the MaxDividends Investing Concept. Here’s what I prioritize:
- The company’s financial health
- Current dividends & their growth
- Future dividend yield on cost. Max Ratio
- The company’s fair value today
Let’s check my today’s ideas for these statements
🎯 Idea #1 – Nexstar Broadcasting (Ticker: NXST)
Nexstar Media Group is the largest local television operator in the United States, owning or operating 199 television stations across the country.
This extensive reach allows the company to serve approximately 68% of U.S. television households, providing a significant platform for both local and national advertisers.
The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
Expanding Digital Footprint
Beyond its traditional broadcasting business, Nexstar has been aggressively expanding its digital media presence:
- The company now operates over 100 digital platforms, attracting 100M+ monthly unique users.
- Nexstar’s digital advertising revenue grew 27% YoY, signaling strong demand for its online content.
- The acquisition of The Hill, a leading political news platform, has further solidified Nexstar’s digital expansion strategy.
This digital transformation is crucial, as more consumers shift towards streaming services and online news consumption.
The Company Financial Condition
- ⭐️⭐️⭐️⭐️⭐️+
- Financial Score: 98 / 99 (Recent Update 98 → 98)
Nexstar Media Group (NXST) is paying a 4.61% dividend yield, with an annual payout of $6.76 per share, backed by 12 consecutive years of increases.
Over the last three years, dividends have surged 34.15%, while a 39.10% payout ratio keeps distributions sustainable with room for future hikes.
In Q3 2024, Nexstar posted $1.37 billion in revenue, up 20.7% year-over-year, driven by strong political ad spending and growing digital media revenue.
The company also raised its quarterly dividend by 10% to $1.86 per share, reflecting management’s confidence in cash flow stability.
Current Dividends and Dividend Growth
- Dividend Yield: ~4.61%
- Recession Proof: Started to pay dividends in 2013. 12 consecutive years sine that.
- Dividend Growth 5Y: +276.00%.
- Recent Jan’25 hike +10.00%. FWD Dividend Yield ~4.75%
I’d describe the company as high yield & dividend-growth focused, with a solid track record of strong dividend growth over the years.
Future Dividend Yield On Cost. Max Ratio
MaxRatio is an estimated dividend yield on cost calculated by combining the current dividend yield with the 5-year & 10-year average dividend growth rate, projected over the next 10 years. It provides a clear outlook on future dividend returns.
- MaxRatio > 10.00 ✅
MaxRatio of Nexstar Broadcasting for today is ~45 which means we can expect 10+ dividend yield on cost with the company dividend returns over 10 years.
The Company’s Fair Value Today: Seems Undervalued
- Current Company P/E < Compare to Av. Competitors P/E? – Yes
- Current P/E < 10 Years Company Av. P/E? – Yes
- Current Dividend Yield > 10 Years Company Av. Dividend Yield? – Yes
Analysts Price Consensus for Today
- Curren Price: ~ $ 153.00 → Av. Analysts Estimate Price: ~ $ 190.00
Max Conclusion: ✅
Bottom Line: 🎯 Nexstar Broadcasting
Voice of America
Nexstar Media Group is the largest local television broadcasting company in the United States with 199 television stations across 116 markets as of 2024.
I’ve been steadily investing in this company since last year, and they’ve already rewarded me twice with dividend increases.
With the latest hike, the projected dividend yield now sits around 4.75% annually. Looking at the company’s financials over the past 15 years, I see a solid safety margin, which strengthens my confidence in keeping this business in my portfolio long-term.
If market conditions align today and we see a meaningful pullback, I’ll be adding more Nexstar Media shares to my portfolio.
That’s all for to today.
With respect for your well-being, Max
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