11 Best Dividend Stocks with a Consistent 3-Year Payout History

5. Nexstar Media Group, Inc. (NASDAQ:NXST)

Dividend Yield: 3.68%

No. of Hedge Funds: 37

Dividend History: 13 years

Nexstar Media Group, Inc. (NASDAQ:NXST) secures a rank on our list of 11 best dividend stocks with a consistent 3-year payout history. Analysts raise price target on the stock following mixed second-quarter results and advanced acquisition talks.

Headquartered in Texas with operational offices in New York and Chicago, Nexstar Media Group, Inc. (NASDAQ:NXST) is among the largest U.S. television station owners. The company operates over 200 stations across 116 markets and produces local and national news, sports, and entertainment content, including The CW and NewsNation, as well as digital platforms such as The Hill and NewsNationNow.com.

As per the company’s Q2 2025 earnings report, Nexstar Media Group, Inc. (NASDAQ:NXST) recorded a net revenue of $1.23 billion, representing a slight 3.2% decline year-over-year due to a decrease in political advertising revenue. On the other hand, it has achieved an adjusted EBITDA of $389 million for the quarter and generated nearly $450 million in adjusted free cash flow for the first half of 2025.

Additionally, the WSJ reported advanced talks in the acquisition of the rival Tegna by Nexstar Media Group, Inc. (NASDAQ:NXST), further elevating the positive outlook of the stock among analysts. Barrington, for instance, raised the price target on the stock significantly from $200 to $225, reflecting strong confidence in the company’s future endeavors.

Cal-Maine Foods, Inc. (NASDAQ:CALM) balances stable income with institutional confidence by offering a dividend yield of 3.68% while retaining the ownership stakes of 37 hedge funds.