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Sinclair Broadcast Keeps Quarterly Dividend at $0.15

Diversified television broadcasting company Sinclair Broadcast Group (NASDAQ: SBGI  ) today announced the payment of its 30th consecutive quarterly dividend. 

The board of directors said the quarterly payout of $0.15 per share on both the company's class A and class B shares is payable on June 14  to the holders of record at the close of business on May 31. That's the same amount declared in February. 

Following pending acquisitions, Sinclair Broadcast will own and operate, program, or provide service to 134 television stations in 69 markets while its television group will reach approximately 33.7% of U.S. television households. Sinclair is affiliated with all major networks.

The dividend payment equates to a $0.60-per-share annual dividend yielding 2.2%. The following chart includes a $1-per-share special dividend paid on Dec. 14, 2012.

SBGI Dividend Chart

SBGI Dividend data by YCharts.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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8/3/2015 12:58 PM
SBGI $28.90 Down -0.12 -0.41%
Sinclair Broadcast… CAPS Rating: ***

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