Sinclair Broadcast Group hikes dividend by 25%

Sinclair Broadcast Group (SBGI) will raise its quarterly dividend to $0.25 per share in 2022. This is the first dividend hike announced by SBGI since 2018. 

In February 2022, the Company’s board of directors approved increasing the quarterly cash dividend to its shareholders by 25% to $0.25 per share, beginning with the quarterly dividend payable to holders of record as of March 7, 2022.

Sinclair Broadcast Group, Inc. (SBGI) is a diversified media company and a leading provider of local sports and news. The Company owns and/or operates 21 regional sports network brands; owns, operates and/or provides services to 185 television stations in 86 markets, owns multiple national networks including Tennis Channel and Stadium; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital and streaming platforms NewsOn and STIRR.