Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Sinclair Broadcast Group (Nasdaq: SBGI) has declared a quarterly cash dividend of $0.25 per share for its Class A and Class B common stock. This dividend will be payable on March 17, 2023, to shareholders on record as of the close of business on March 3, 2023. Sinclair is a leading diversified media company, operating 185 television stations across 86 markets and owning multiple sports networks. The company's content is available through various platforms, including a significant streaming aggregator of local news, NewsON.

Positive

• Declared a quarterly cash dividend of $0.25 per share, offering returns to shareholders.

Negative

• None.

BALTIMORE--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common stock. The dividend is payable on March 17, 2023, to the holders of record at the close of business on March 3, 2023.

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks; owns Tennis Channel and multicast networks Comet, CHARGE! and TBD; and owns and provides services to 21 regional sports network brands. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the nation’s largest streaming aggregator of local news content, NewsON. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.

Category: Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005330/en/

Steve Zenker, Senior Vice President, Investor Relations

Billie-Jo McIntire, AVP, Investor Relations

(410) 568-1500

Source: Sinclair Broadcast Group, Inc.

FAQ

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

Sinclair Broadcast Group (SBGI) has declared a quarterly cash dividend of $0.25 per share.

When is the dividend payable for Sinclair Broadcast Group (SBGI)?

The dividend for Sinclair Broadcast Group (SBGI) is payable on March 17, 2023.

What is the record date for the dividend payment by Sinclair Broadcast Group (SBGI)?

The record date for the dividend payment by Sinclair Broadcast Group (SBGI) is March 3, 2023.

How many television stations does Sinclair Broadcast Group (SBGI) operate?

Sinclair Broadcast Group (SBGI) operates 185 television stations across 86 markets.