NEW YORK (

TheStreet

) -- The ex-dividend date for

Sinclair Broadcast Group

(Nasdaq:

SBGI

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $7.70 as of 9:30 a.m. ET, the dividend yield is 6.5%.

The average volume for Sinclair Broadcast Group has been 642,200 shares per day over the past 30 days. Sinclair Broadcast Group has a market cap of $383.3 million and is part of the

services

sector and

media

industry. Shares are down 6.8% year to date as of the close of trading on Friday.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides certain programming, operating, or sales services to television stations in the United States. The company has a P/E ratio of 7.3, below the average media industry P/E ratio of 7.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sinclair Broadcast Group as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

Sinclair Broadcast Group Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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