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 on its Class A and Class B common stock. The dividend will be paid on September 15, 2021, to shareholders on record as of September 1, 2021. Sinclair is a leading diversified media company operating 185 television stations across 86 markets and 21 regional sports network brands, recognized as a significant provider of local sports and news content across multiple platforms.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Dividend demonstrates company confidence in financial stability.
• Wide reach with 185 television stations enhances revenue potential.

Negative

• None.

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 September 15, 2021, to the holders of record at the close of business on September 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/20210804005286/en/

FAQ

What is the dividend amount declared by Sinclair Broadcast Group (SBGI)?

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

When is the dividend payable for SBGI?

The dividend is payable on September 15, 2021.

What is the record date for the dividend of Sinclair Broadcast Group?

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

How many television stations does SBGI operate?

Sinclair operates 185 television stations across 86 markets.