Sinclair (NASDAQ:SBGI) Trading Up 13.2% After Dividend Announcement

Sinclair, Inc. (NASDAQ:SBGI)’s share price rose 13.2% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $15.75 and last traded at $15.7420. Approximately 243,931 shares were traded during mid-day trading, a decline of 47% from the average session volume of 462,953 shares. The stock had previously closed at $13.91.

The newly announced dividend which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 6.4%. Sinclair’s payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SBGI shares. Wall Street Zen upgraded Sinclair from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company dropped their price target on shares of Sinclair from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Sinclair from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $17.00 target price on shares of Sinclair in a research note on Wednesday, April 15th. Finally, Guggenheim lowered their price objective on Sinclair from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.20.

Sinclair Stock Up 12.0%

The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.55 and a beta of 1.06. The business’s 50-day moving average is $14.05 and its two-hundred day moving average is $14.35. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 11.10.

Sinclair (NASDAQ:SBGI) last released its quarterly earnings data 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 net margin of 2.00% and a negative return on equity of 12.62%. The business had revenue of $840.00 million during the quarter, compared to analyst estimates of $838.99 million. During the same quarter in the previous year, the company posted ($0.91) EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that Sinclair, Inc. will post 1.68 EPS for the current year.

Trending Headlines about Sinclair

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Revenue exceeded expectations and grew year over year. Sinclair reported second-quarter revenue of $840 million, slightly above the $838.99 million consensus estimate and up 7.1% from the prior-year period. Sinclair Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The quarterly dividend supports the stock’s income appeal. Sinclair declared a $0.25-per-share dividend payable September 15 to shareholders of record August 31. Based on the provided stock information, the dividend represents an annualized yield of approximately 7.2%. Sinclair Declares Quarterly Cash Dividend
• Positive Sentiment: Possible removal of the FCC’s 39% ownership cap could create strategic upside. CEO Chris Ripley expressed strong support for the expected repeal, which could give Sinclair more flexibility to acquire or consolidate local television stations and expand scale. Sinclair CEO Discusses Expected FCC Ownership-Cap Repeal
• Neutral Sentiment: Full-year revenue guidance was set at $3.4 billion to $3.5 billion. The range reaches the current $3.5 billion consensus estimate but does not imply material upside, leaving future results dependent on operating execution and political or advertising trends.
• Negative Sentiment: Profitability was substantially weaker than expected. Sinclair posted a second-quarter loss of $1.06 per share, compared with consensus estimates for a loss of roughly $0.13 to $0.24 per share and a loss of $0.91 a year earlier. The larger loss, along with negative return on equity and high leverage, remains a key risk for investors. Sinclair Reports Q2 Loss

Insider Activity

In other news, Director Daniel C. Keith sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $15.02, for a total value of $255,340.00. Following the transaction, the director directly owned 25,122 shares in the company, valued at approximately $377,332.44. This represents a 40.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 42.10% of the company’s stock.

Institutional Investors Weigh In On Sinclair

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of Sinclair by 142.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock worth $25,000 after purchasing an additional 1,065 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Sinclair during the 4th quarter worth about $32,000. Tower Research Capital LLC TRC boosted its holdings in Sinclair by 175.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock valued at $41,000 after purchasing an additional 1,882 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Sinclair during the 3rd quarter worth $48,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Sinclair in the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

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.