Sinclair Broadcast dividend – Sinclair Broadcast Group Announces 0.25 Cash Dividend
March 24, 2023
Dividends Yield
On March 1 2023, Sinclair Broadcast ($NASDAQ:SBGI) Group Inc. announced a 0.25 cash dividend. The company has been offering an annual dividend of 1.0 USD per share for the last three years, with an average dividend yield of 4.41% from 2022 to 2023. This high yield makes it an attractive option for those in search of dividend stocks. The ex-dividend date for this dividend is set for March 2, 2023. Sinclair Broadcast Group Inc. has a long history of paying dividends to its investors and this latest announcement is just another example of their commitment to rewarding shareholders with reliable dividends.
Investors should check with their broker or financial advisor to ensure they meet the eligibility requirements. This announcement is good news for current shareholders, as well as those who are looking to invest in the company. The 0.25 cash dividend, combined with the steady dividend yields of 4.41% over the last three years, make it an excellent option for investors looking for a reliable dividend stock. With the ex-dividend date looming ahead, now may be the perfect time to invest in Sinclair Broadcast Group Inc.
Share Price
This news sent the stock price of Sinclair Broadcast Group Inc. (SINCLAIR BROADCAST) slightly lower, as the stock opened at $16.2 and closed at $16.0, representing a 1.8% decrease from its previous closing price of $16.3. This announcement comes as the company continues to adjust its operations in response to recent market conditions and the ongoing pandemic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sinclair Broadcast. More…
| Total Revenues | Net Income | Net Margin |
| 3.93k | 2.65k | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sinclair Broadcast. More…
| Operations | Investing | Financing |
| 799 | -381 | -353 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sinclair Broadcast. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.7k | 6.02k | 10.74 |
Key Ratios Snapshot
Some of the financial key ratios for Sinclair Broadcast are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.5% | 13.9% | 99.5% |
| FCF Margin | ROE | ROA |
| 17.7% | 336.1% | 36.5% |
Analysis
At GoodWhale, we take pride in providing our customers with the highest level of transparency and accessibility within the financials of a company. As part of this commitment, we offer analysis of the financials of SINCLAIR BROADCAST. Upon running our analysis, we found that SINCLAIR BROADCAST is a high risk investment in terms of financial and business aspects. We have detected 4 risk warnings in the income sheet, balance sheet, cashflow statement, and financial journal. If you want to learn more about these risks, make sure to register with us today. At GoodWhale, we understand that making informed decisions on investments is important for our clients. That’s why we strive to ensure that all of our customer’s financial decisions are based on sound analysis and insights. With our help, you’ll be able to make the best investments for your business every time. More…
Peers
Sinclair Broadcast Group Inc is a broadcasting company that owns, operates, and/or provides services to television stations in the United States. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland. As of 2018, Sinclair Broadcast Group Inc owned or operated a total of 193 television stations across the United States.
Nexstar Media Group Inc is a broadcasting company that owns, operates, and/or provides services to television and radio stations in the United States. The company was founded in 1996 and is headquartered in Irving, Texas. As of 2018, Nexstar Media Group Inc owned, operated, and/or provided services to 171 television stations across the United States.
Fox Corp is a holding company that operates through its subsidiaries in the broadcasting, cable television, direct broadcast satellite, pay television, film entertainment, television production, and publishing industries. The company was founded in 1986 and is headquartered in New York City, New York. As of 2018, Fox Corp owned and operated a total of 28 television stations across the United States.
Sky Network Television Ltd is a New Zealand-based pay television and broadband internet provider. The company was founded in 1987 and is headquartered in Auckland, New Zealand. As of 2018, Sky Network Television Ltd operated a total of 100 television channels and served approximately 1.8 million customers in New Zealand.
– Nexstar Media Group Inc ($NASDAQ:NXST)
Nexstar Media Group Inc is a publicly traded company with a market capitalization of 7.17 billion as of March 2022. The company has a return on equity of 39.12%. Nexstar Media Group Inc is engaged in the business of television broadcasting and related digital media operations in the United States. The company owns, operates or provides sales and other services to television stations and related digital media properties.
– Fox Corp ($NASDAQ:FOXA)
Fox Corp is a publicly traded company with a market capitalization of 15.64 billion as of 2022. The company’s return on equity, a measure of profitability, was 11.49% in the same year. Fox Corp is engaged in the business of cable television programming and broadcasting, motion picture production and distribution, television production and distribution, and other media businesses.
– Sky Network Television Ltd ($NZSE:SKT)
Sky Network Television Ltd is a New Zealand pay television and internet service provider. It provides digital television and movies, as well as broadband internet to residential and commercial customers in New Zealand. Sky Network Television Ltd has a market cap of 380.82M as of 2022, a Return on Equity of 11.21%. The company offers a wide range of programming, including sport, movies, and entertainment. Sky Network Television Ltd also provides broadband internet and telephone services to residential and business customers in New Zealand.
Summary
Sinclair Broadcast Group is an attractive option for investors seeking consistent and reliable dividend income. Furthermore, Sinclair Broadcast Group has a strong financial position with solid free cash flows, low debt, and a manageable payout ratio. In addition, its significantly large scale gives it a competitive edge in the broadcasting industry and ensures that it can remain a major player in the long term. For investors looking for a safe and reliable dividend-payer, Sinclair Broadcast Group is an ideal choice.
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