Sinclair Broadcast Keeps Quarterly Dividend at $0.15

Before you go, we thought you'd like these...
Before you go close icon

Diversified television broadcasting company Sinclair Broadcast Group today announced the payment of its 30th consecutive quarterly dividend. 

The board of directors said the quarterly payout of $0.15 per share on both the company's class A and class B shares is payable on June 14  to the holders of record at the close of business on May 31. That's the same amount declared in February. 

Following pending acquisitions, Sinclair Broadcast will own and operate, program, or provide service to 134 television stations in 69 markets while its television group will reach approximately 33.7% of U.S. television households. Sinclair is affiliated with all major networks.


The dividend payment equates to a $0.60-per-share annual dividend yielding 2.2%. The following chart includes a $1-per-share special dividend paid on Dec. 14, 2012.

SBGI Dividend Chart

SBGI Dividend data by YCharts.

link

The article Sinclair Broadcast Keeps Quarterly Dividend at $0.15 originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners