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

Sinclair, Inc. (NASDAQ:SBGI) declared a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, May 26th will be given a dividend of 0.25 per share on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Tuesday, May 26th.

Sinclair has raised its dividend payment 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. Research analysts expect Sinclair to earn ($1.60) 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 -62.5%.

Sinclair Trading Down 1.5%

SBGI traded down $0.24 during trading hours on Friday, reaching $15.31. The company’s stock had a trading volume of 30,921 shares, compared to its average volume of 432,877. Sinclair has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The stock has a market cap of $1.10 billion, a PE ratio of -9.05 and a beta of 1.03. The business’s 50-day moving average is $14.58 and its 200-day moving average is $14.80. The company has a debt-to-equity ratio of 11.78, a current ratio of 2.42 and a quick ratio of 2.42.

Sinclair (NASDAQ:SBGI) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.96. Sinclair had a negative return on equity of 64.27% and a negative net margin of 3.53%.The firm had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $792.63 million. During the same period in the prior year, the firm posted ($2.30) earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that Sinclair will post 1.1 earnings per share for the current fiscal 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.