Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Sinclair Broadcast Group (SBGI) declared a $0.25 quarterly cash dividend on its Class A and Class B common stock. This dividend is payable on September 15, 2022, to shareholders on record as of September 1, 2022. Sinclair operates 185 television stations across 86 markets and owns networks like Tennis Channel and Stadium, making it a significant player in the media industry.

Positive

• Quarterly cash dividend of $0.25 per share approved.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220803005284/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 for SBGI?

The dividend amount for Sinclair Broadcast Group (SBGI) is $0.25 per share.

When is the SBGI dividend payment date?

The dividend payment date for SBGI is September 15, 2022.

What is the record date for the SBGI dividend?

The record date for the SBGI dividend is September 1, 2022.

How often does SBGI pay dividends?

Sinclair Broadcast Group typically pays dividends on a quarterly basis.