Shares of Nexstar Media Group Inc (NXST), a member of the Russell 3000, have surpassed the 3% mark based on its quarterly dividend of $7.44. The stock traded as low as $245.18 on the day. Dividends are important for investors as historically they have contributed significant portions of the stock market's total return. However, even with reinvesting, a yield above 3% could be considered attractive if sustainable.