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. A new annual dividend rate of $1.00 per share yields 3.8%.

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. The next ex-dividend date for SBGI stock is March 4, 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.