Sinclair Increases Quarterly Cash Dividend by 25%, Declares $0.25 Per Share

Rhea-AI Summary

Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) has declared a quarterly cash dividend of $0.25 per share, marking a 25% increase from previous distributions. This dividend is payable on March 21, 2022, to shareholders recorded by March 7, 2022. The company operates in diversified media, owning and managing 185 TV stations across 86 markets and several national sports networks like Tennis Channel and Stadium, delivering content through various platforms including digital and streaming.

Positive

• Quarterly cash dividend increased by 25% to $0.25 per share.
• Dividend reflects company confidence in financial outlook.
• Strong media presence with 185 TV stations in 86 markets.

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, an increase of 25%. The dividend is payable on March 21, 2022, to the holders of record at the close of business on March 7, 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/20220223005582/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 latest dividend declaration for Sinclair Broadcast Group (SBGI)?

Sinclair Broadcast Group has declared a quarterly cash dividend of $0.25 per share, a 25% increase.

When will the dividend be paid for SBGI?

The dividend will be paid on March 21, 2022.

What is the record date for the latest SBGI dividend?

The record date for the dividend is March 7, 2022.

How many TV stations does Sinclair Broadcast Group operate?

Sinclair operates 185 television stations across 86 markets.

What is the current dividend per share for SBGI?

The current dividend per share for Sinclair Broadcast Group is $0.25.