Sinclair Broadcast Group (SBGI) Declares $0.20 Quarterly Dividend; 2.4% Yield

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Go back to Sinclair Broadcast Group (SBGI) Declares $0.20 Quarterly Dividend; 2.4% Yield

Sinclair Broadcast Group (SBGI) Tops Q4 EPS by 8c, Revenues Beat; Offers 1Q Revenue Outlook

February 27, 2019 7:38 AM EST

Sinclair Broadcast Group (NASDAQ: SBGI) reported Q4 EPS of $2.10, $0.08 better than the analyst estimate of $2.02. Revenue for the quarter came in at $893.3 million versus the consensus estimate of $879.99 million.

"We ended 2018 on a very positive note, beating guidance on all financial metrics, with core advertising revenues improving from the first half of the year despite the crowding out effect from having our best mid-term political ad spending election year on record," commented Chris Ripley, President and Chief Executive Officer. "Building on a base of $255 million in political ad spending for 2018 and a number of... More