Sinclair Broadcast Group Declares $0.25 Quarterly Dividend and Reports Q3 Earnings Beat
Sinclair Broadcast Group (SBGI) has declared a quarterly dividend of $0.25 per share, maintaining its previous payout level. The dividend carries a forward yield of 7.17%, with a record date of December 1 and a payment date scheduled for December 15. The company's recent financial performance shows significant strength, with GAAP earnings per share (EPS) of $0.60 exceeding expectations by $0.34. Revenue also outperformed estimates, reaching $893 million. Looking ahead, Sinclair forecasts approximately $455 million in political revenue for the full year 2026 and has raised its adjusted EBITDA guidance to a range of $825 million to $835 million.