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.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2394411, ~/Articles/ArticleHandler.aspx, 7/30/2014 1:23:34 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement