Sinclair Declares $0.20 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Sinclair Broadcast Group has declared a quarterly cash dividend of $0.20 per share on its Class A and Class B common stock. This dividend will be payable on December 15, 2021, to shareholders on record as of December 1, 2021. As a diversified media company, Sinclair operates numerous television stations and regional sports networks and is a significant provider of local news. This announcement reflects the company's commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.20 declared.
• Dividend payable on December 15, 2021, enhancing shareholder income.

Negative

• None.

BALTIMORE--(BUSINESS WIRE)-- 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, 2021, to the holders of record at the close of business on December 1, 2021.

Sinclair is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 21 regional sports network brands; owns, operates and/or provides services to 185 television stations in 86 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005260/en/

Steve Zenker, Vice President, Investor Relations

Billie-Jo McIntire, Director, Investor Relations

(410) 568-1500

Source: Sinclair Broadcast Group, Inc.

FAQ

What is the dividend amount declared by SBGI?

Sinclair Broadcast Group declared a quarterly cash dividend of $0.20 per share.

When is the dividend payable for SBGI?

The dividend is payable on December 15, 2021.

What is the record date for SBGI's dividend?

The record date for the dividend is December 1, 2021.

How often does SBGI pay dividends?

Sinclair Broadcast Group typically pays dividends quarterly.