Sinclair, Inc. (SBGI) To Go Ex-Dividend on August 31st

Sinclair, Inc. (NASDAQ:SBGI – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.25 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, August 31st.

Sinclair has raised its dividend by an average of 0.0%per year over the last three years. Sinclair has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sinclair to earn ($1.15) per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of -87.0%.

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Sinclair Stock Performance

Shares of SBGI opened at $14.35 on Friday. Sinclair has a one year low of $12.46 and a one year high of $17.88. The company has a market cap of $1.04 billion, a PE ratio of 19.13 and a beta of 1.06. The stock has a 50-day moving average of $14.18 and a 200-day moving average of $14.32. The company has a debt-to-equity ratio of 13.28, a current ratio of 1.94 and a quick ratio of 1.94.

Sinclair (NASDAQ:SBGI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.82). Sinclair had a negative return on equity of 16.09% and a net margin of 1.60%.The firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $838.99 million. During the same period last year, the company posted ($0.91) earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Sinclair will post 1.01 EPS for the current fiscal year.

About Sinclair

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Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.

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