Sinclair, Inc. (NASDAQ:SBGI – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 1st will be given a dividend of $0.25 per share on Tuesday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, December 1st.
Sinclair has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sinclair to earn ($1.15) 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 -87.0%.
Sinclair Price Performance
NASDAQ:SBGI opened at $14.10 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 13.28. Sinclair has a one year low of $11.83 and a one year high of $17.88. The stock has a 50-day simple moving average of $13.16 and a 200 day simple moving average of $14.05.
Sinclair (NASDAQ:SBGI – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.33. Sinclair had a negative return on equity of 16.09% and a net margin of 1.60%. The firm had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $874.21 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Sinclair’s revenue for the quarter was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that Sinclair will post 1.01 EPS for the current year.
Sinclair Company Profile
Sinclair, Inc is a diversified media company that owns and operates local television stations across the United States. Its broadcast portfolio includes ABC, CBS, FOX, NBC, and other network-affiliated stations, as well as independent stations. Sinclair’s local media operations produce news, weather, sports, and community-focused programming for viewers in markets throughout the country.
The company also develops and distributes national and regional content through cable networks, digital platforms, and streaming services.
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