Sinclair, Inc. Declares Quarterly Dividend of $0.25 (NASDAQ:SBGI)

Sinclair, Inc. (NASDAQ:SBGI) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, December 1st will be paid a dividend of 0.25 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, December 1st.

Sinclair has increased its dividend by an average of 0.0%annually over the last three years. Sinclair has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 2.0%

Shares of SBGI opened at $13.63 on Thursday. The stock has a market cap of $949.29 million, a price-to-earnings ratio of 16.42 and a beta of 1.30. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 13.93. Sinclair has a 12 month low of $11.89 and a 12 month high of $18.45. The company has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $14.14.

Sinclair (NASDAQ:SBGI) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.63. The firm had revenue of $773.00 million during the quarter, compared to analysts’ expectations of $766.78 million. Sinclair had a net margin of 1.44% and a return on equity of 12.51%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Sinclair has set its Q4 2025 guidance at EPS. Equities analysts predict that Sinclair will post 4.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBGI has been the subject of a number of analyst reports. Guggenheim cut their price target on shares of Sinclair from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. Benchmark cut their price target on shares of Sinclair from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Sinclair in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Sinclair from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, August 7th. Finally, Zacks Research cut shares of Sinclair from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Sinclair has a consensus rating of “Hold” and a consensus price target of $18.75.

About Sinclair

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.