Sinclair Declares $0.20 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Sinclair Broadcast Group (Nasdaq: SBGI) has declared a quarterly cash dividend of $0.20 per share for its Class A and Class B common stock. This dividend will be paid on December 15, 2020, to shareholders on record as of December 1, 2020. Sinclair operates 23 regional sports networks and 190 television stations, making it a significant player in local news and sports broadcasting across the U.S.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Dividend reflects company confidence in financial stability.

Negative

• None.

BALTIMORE, Nov. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock.  The dividend is payable on December 15, 2020, to the holders of record at the close of business on December 1, 2020.

Sinclair is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 23 regional sports network brands; owns, operates and/or provides services to 190 television stations in 88 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks. Sinclair's content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.

 

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SOURCE Sinclair Broadcast Group, Inc.

FAQ

When is the dividend for SBGI payable?

The dividend for SBGI is payable on December 15, 2020.

What is the amount of the SBGI dividend?

The amount of the SBGI dividend is $0.20 per share.

What is the record date for the SBGI dividend?

The record date for the SBGI dividend is December 1, 2020.

How often does SBGI pay dividends?

SBGI typically pays dividends quarterly.

Is the SBGI dividend sustainable?

The sustainability of the SBGI dividend can depend on the company's ongoing financial performance and market conditions.