Sinclair Broadcast Group Inc (NASDAQ:SBGI) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be given a dividend of 0.18 per share on Friday, March 23rd. This represents a $0.72 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, March 8th.
Sinclair Broadcast Group (SBGI) remained flat at $$33.05 during midday trading on Wednesday. 136,277 shares of the company’s stock traded hands, compared to its average volume of 1,482,827. The company has a market cap of $3,444.20, a P/E ratio of 5.84, a PEG ratio of 1.58 and a beta of 1.83. Sinclair Broadcast Group has a one year low of $26.70 and a one year high of $41.40. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.36 and a quick ratio of 2.36.
Sinclair Broadcast Group (NASDAQ:SBGI) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $1.07. The company had revenue of $734.00 million for the quarter, compared to analysts’ expectations of $733.41 million. Sinclair Broadcast Group had a return on equity of 22.76% and a net margin of 21.07%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. analysts anticipate that Sinclair Broadcast Group will post 3.66 EPS for the current year.
About Sinclair Broadcast Group
Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.
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