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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.