Sinclair, Inc. (NASDAQ:SBGI) Declares Quarterly Dividend of $0.25

Sinclair, Inc. (NASDAQ:SBGI) declared a quarterly dividend on Wednesday, August 5th. Shareholders 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 yield of 7.2%. The ex-dividend date of this dividend is Monday, August 31st.

Sinclair has increased its dividend by an average of 0.0%annually over the last three years. Sinclair has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Sinclair to earn ($1.52) 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 -65.8%.

Sinclair Trading Down 0.6%

Shares of NASDAQ SBGI opened at $13.91 on Thursday. The firm has a 50 day moving average price of $14.05 and a two-hundred day moving average price of $14.35. The stock has a market cap of $1.00 billion, a P/E ratio of 15.46 and a beta of 1.06. Sinclair has a 52-week low of $11.89 and a 52-week high of $17.88. The company has a debt-to-equity ratio of 11.10, a quick ratio of 2.42 and a current ratio of 2.42.

Sinclair (NASDAQ:SBGI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.82). Sinclair had a negative return on equity of 12.62% and a net margin of 2.00%.The business had revenue of $840.00 million for the quarter, compared to analyst estimates of $838.99 million. During the same quarter last year, the firm posted ($0.91) EPS. Sinclair’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Sinclair will post 1.68 EPS for the current year.

Sinclair Company Profile

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.