Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Sinclair Broadcast Group (SBGI) has announced a quarterly cash dividend of $0.25 per share for its Class A and Class B common stock. This dividend is set to be paid on December 15, 2022, to shareholders recorded by December 1, 2022. As a diversified media company, Sinclair operates and provides services to 185 television stations across 86 markets, along with owning several national networks such as the Tennis Channel. Sinclair's content reaches audiences through multiple platforms, including digital and streaming options.

Positive

• Quarterly cash dividend of $0.25 per share; payout date December 15, 2022.

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

Sinclair Broadcast Group, Inc. 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; owns multiple national networks including Tennis Channel and Stadium; has TV stations affiliated with all the major broadcast networks and owns and/or operates 21 regional sports network brands. 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.

Category: Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005272/en/

Steve Zenker, Vice President, Investor Relations

Billie-Jo McIntire, AVP, Investor Relations

(410) 568-1500

Source: Sinclair Broadcast Group, Inc.

FAQ

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

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

When will the dividend be paid to shareholders of SBGI?

The dividend will be paid on December 15, 2022.

What is the record date for the dividend payment for SBGI?

The record date for the dividend payment is December 1, 2022.

How many television stations does Sinclair Broadcast Group operate?

Sinclair Broadcast Group operates and provides services to 185 television stations.