Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Updates On Dividend Release Date


On 2016-08-03, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) confirmed the dividend disbursement of $0.18 a share to shareholders as on record 2016-09-01. The firm will release dividend on 2016-09-15 while ex-dividend date is reported to be 2016-08-30.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) paid a total of $0.18 per share in dividends. This figure stood at $0.18 a share in the same period a year ago indicating a deviation of 4.7619%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $38.666 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $40 and $37, respectively.

Taking the mathematical rating formula, the price for Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) stands at 1.25. Earnings Review Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-02. For the period ending on 2016-09-30, experts are expecting EPS of $0.85.

Coming to the quarter ending on 2015-12-31, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) recorded EPS of $0.52. The reported numbers came lower than the analysts’ estimates of $0.54, demonstrating a miss of $-0.02 as against reported figures.

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