Sinclair Broadcast Group Stock To Go Ex-dividend Tomorrow (SBGI)

NEW YORK ( TheStreet) -- The ex-dividend date for Sinclair Broadcast Group (Nasdaq: SBGI) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $8.46 as of 9:30 a.m. ET, the dividend yield is 5.7%.

The average volume for Sinclair Broadcast Group has been 464,700 shares per day over the past 30 days. Sinclair Broadcast Group has a market cap of $442.6 million and is part of the services sector and media industry. Shares are down 25.2% year to date as of the close of trading on Friday.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations and other commercial broadcasting groups in the United States. The company has a P/E ratio of 7.6, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sinclair Broadcast Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Sinclair Broadcast Group Ratings Report.

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