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SBGI Sinclair Broadcast Group dividend history, payout ratio & dates

  1. Stocks
  2. Communication Services
  3. NASDAQ: SBGI
  4. Dividend

Sinclair Broadcast Group's most recent quarterly dividend was on Aug 31, 2023 (ex-date) with a cash dividend payment of $0.25 per share. On an annualized basis, the company has a current payout of $1 per share. This brings the dividend yield to 8.64% based on its recent close price.

Key dates

  • SBGI last dividend date: Aug 31, 2023
  • SBGI next dividend date: Not announced
Peer dividends: EVC NXST SSP FOXA CMCSA
SBGI dividend stats
DPS
$1
Dividend yield
8.64%
Payout ratio
39.4%
vs. Communication Services sector
Dividend yield
3.44%
Payout ratio
45.7%

Dividend yield

What is Sinclair Broadcast Group current dividend yield

SBGI has a dividend yield of 8.64% which is higher than the Communication Services sector, the industry and its peers average. If we compare it with the Communication Services sector average of 3.44%, Sinclair Broadcast Group's dividend yield is 151% higher. The historical 5-year average of SBGI's dividend yield is 3.6%, which is less than the current one.

Dividend history

What is SBGI dividend payout history and dates

Sinclair Broadcast Group has a long dividend history, including the last 13 consecutive years with dividend payouts. SBGI has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 5% for the last year. And since the stock price has gone down by 43% from a year ago, the dividend yield has increased by 84%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 31, 2023 Sep 15, 2023 Aug 2, 2023 $0.25 normal
May 26, 2023 Jun 15, 2023 May 3, 2023 $0.25 normal
Mar 2, 2023 Mar 17, 2023 Feb 22, 2023 $0.25 normal
Nov 30, 2022 Dec 15, 2022 Nov 2, 2022 $0.25 normal
Aug 31, 2022 Sep 15, 2022 Aug 3, 2022 $0.25 normal
May 31, 2022 Jun 15, 2022 May 4, 2022 $0.25 normal
Mar 4, 2022 Mar 21, 2022 Feb 23, 2022 $0.25 normal
Nov 30, 2021 Dec 15, 2021 Nov 3, 2021 $0.2 normal
Aug 31, 2021 Sep 15, 2021 Aug 4, 2021 $0.2 normal
May 28, 2021 Jun 15, 2021 May 5, 2021 $0.2 normal
Mar 9, 2021 Mar 24, 2021 Feb 24, 2021 $0.2 normal
Nov 30, 2020 Dec 15, 2020 Nov 4, 2020 $0.2 normal
Aug 31, 2020 Sep 15, 2020 Aug 5, 2020 $0.2 normal
May 29, 2020 Jun 15, 2020 May 6, 2020 $0.2 normal
Mar 6, 2020 Mar 20, 2020 Feb 26, 2020 $0.2 normal
Nov 27, 2019 Dec 16, 2019 Nov 6, 2019 $0.2 normal
Aug 29, 2019 Sep 16, 2019 Aug 7, 2019 $0.2 normal
May 30, 2019 Jun 17, 2019 May 8, 2019 $0.2 normal
Mar 8, 2019 Mar 25, 2019 Feb 27, 2019 $0.2 normal
Nov 29, 2018 Dec 17, 2018 Nov 7, 2018 $0.2 normal
Aug 30, 2018 Sep 17, 2018 Aug 8, 2018 $0.18 normal
May 31, 2018 Jun 15, 2018 May 9, 2018 $0.18 normal
Mar 8, 2018 Mar 23, 2018 Feb 28, 2018 $0.18 normal
Nov 30, 2017 Dec 15, 2017 $0.18 normal
Aug 30, 2017 Sep 15, 2017 $0.18 normal
May 30, 2017 Jun 15, 2017 $0.18 normal
Feb 27, 2017 Mar 15, 2017 Feb 22, 2017 $0.18 normal
Nov 29, 2016 Dec 15, 2016 $0.18 normal
Aug 30, 2016 Sep 15, 2016 Aug 3, 2016 $0.18 normal
May 27, 2016 Jun 15, 2016 May 4, 2016 $0.18 normal

Sinclair Broadcast Group dividend payout ratio

What is Sinclair Broadcast Group dividend payout ratio compared to the sector

Payout ratio

SBGI has a payout ratio of 39.4% which is higher than the industry and its peers average but lower than the Communication Services sector average. In comparison with the Communication Services sector average of 45.7%, Sinclair Broadcast Group's payout ratio is 14% lower.

Total amount of dividends paid per financial year (from cash flow)

SBGI dividend vs peer dividends

How does SBGI dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
SBGI Sinclair Broadcast Group Inc 8.64% $1 39.4%
EVC Entravision Communications Corp 4.94% $0.18 194.4%
NXST Nexstar Media Group Inc 3.54% $4.95 26.6%
CMCSA Comcast Corp 2.47% $1.12 71.3%
FOXA Fox Corp 1.63% $0.51 21.8%
SSP EW SCRIPPS Co N/A N/A N/A

Frequently asked questions

Does Sinclair Broadcast Group pay a dividend?

Yes, Sinclair Broadcast Group has paid four dividends in the last 12 months. SBGI has been paying dividends since 2010.

When is Sinclair Broadcast Group's next dividend?

SBGI hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in November 2023.

When was SBGI's last dividend?

Sinclair Broadcast Group's last regular dividend was on Aug 31, 2023 (ex-date) with the amount of $0.25 per share.

How much dividend does Sinclair Broadcast Group pay (per share)?

On an annual basis SBGI pays $1 per share.

What is Sinclair Broadcast Group's dividend yield?

The current dividend yield of Sinclair Broadcast Group is 8.64%.

How often does Sinclair Broadcast Group pay dividends?

Sinclair Broadcast Group has a quarterly dividend frequency.

What is Sinclair Broadcast Group's dividend payout ratio?

Sinclair Broadcast Group's dividend payout ratio is 39.4%.

Does Sinclair Broadcast Group pay a good dividend?

Sinclair Broadcast Group's dividend yield is more than the Communication Services sector average.