Sinclair Broadcast Group on Wednesday was the latest owner of over-the-air television stations to release its fourth quarter and full-year 2020 results.
Sinclair’s performance was good: Earnings per share exceeded Wall Street analyst estimates, while revenue came in line with forecasts.
Why, then, were Sinclair shares down nearly 4% upon the release of the financial report card?
Sinclair Broadcast Group on Wednesday declared a $0.20 dividend payable March 24 to holders of Class A and Class B shares of record at the close of business March 10.
