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


As per Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) statement on 2016-08-03, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.18 per share as dividend to stakeholders. The record date is set as 2016-09-01, the payout date as 2016-09-15 and the ex-dividend date is 2016-08-30.

Last fiscal Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) disbursed cash dividend of $0.18. A year ago, the payout was $0.18, which indicates a difference of 4.7619%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.18, implying 8.947% growth.

For the period ended on 2015-12-31, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)’s earnings came at $0.52 per share compared to EPS of $0.45 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-02. For this quarter, the analysts have earnings estimate of $0.84 per share.

The interim price target for Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) is set at $38.666. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) is seen at $40 and the lowest level is established at $37. This broad range highlights a standard deviation of $1.527 in reported estimates.

Shares of the Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) traded in the range of $28.44 to $28.96 and closed the last trading session at $28.68 on a volume of ((Volume:238}}.

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