Sinclair, Inc. (SBGI) to Issue Quarterly Dividend of $0.25 on March 24th

Sinclair, Inc. (NASDAQ:SBGI) declared a quarterly dividend on Saturday, March 7th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.25 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, March 10th.

Sinclair has increased its dividend by an average of 0.0%per year over the last three years. Sinclair has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sinclair to earn ($0.02) 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 -5,000.0%.

Sinclair Trading Up 0.6%

NASDAQ:SBGI opened at $15.60 on Friday. The stock has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $14.75. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -9.29 and a beta of 0.94. The company has a debt-to-equity ratio of 11.78, a quick ratio of 2.01 and a current ratio of 2.42. Sinclair has a 1 year low of $11.89 and a 1 year high of $17.88.

Sinclair (NASDAQ:SBGI) last released its earnings results on Wednesday, February 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $836.00 million during the quarter, compared to the consensus estimate of $840.25 million. Sinclair had a negative return on equity of 64.27% and a negative net margin of 3.53%.Sinclair’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 earnings per share. As a group, sell-side analysts anticipate that Sinclair will post 4.24 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.