Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Sinclair Broadcast Group (Nasdaq: SBGI) declared a quarterly cash dividend of $0.25 per share on its Class A and Class B common stock. This dividend will be payable on June 15, 2022, to shareholders on record as of June 1, 2022. Sinclair operates 21 regional sports networks and 185 television stations across 86 markets, offering a variety of content through multiple platforms, including digital and streaming channels. For more information, visit www.sbgi.net.

Positive

• Quarterly cash dividend of $0.25 per share reinforces company commitment to shareholder returns.
• Diverse media operation with 21 regional sports networks and 185 television stations enhances market position.

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 June 15, 2022, to the holders of record at the close of business on June 1, 2022.

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) is a diversified media company and a 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, owns multiple national networks including Tennis Channel and Stadium; 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 and streaming platforms NewsOn and STIRR. 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/20220504005370/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 Sinclair Broadcast Group?

Sinclair Broadcast Group declared a quarterly cash dividend of $0.25 per share.

When is the dividend payment date for SBGI?

The dividend payment date is June 15, 2022.

What is the record date for Sinclair's dividend?

The record date for the dividend is June 1, 2022.

How many television stations does Sinclair Broadcast Group operate?

Sinclair operates 185 television stations in 86 markets.