Sinclair Broadcast increases quarterly dividend 10% to 16.5c per share Sinclair Broadcast has increased and declared a quarterly cash dividend of 16.5c per share on the company's Class A and Class B common stock, a 10% increase to the previous 15c quarterly dividend per share. The dividend is payable on September 15 to the holders of record at the close of business on August 29.
Sinclair Broadcast enters into long-term affiliation agreements with ABC Sinclair Broadcast (SBGI) announced that it has entered into long-term agreements with Disney's (DIS) American Broadcasting Company for the renewal of the ABC affiliations in 13 Sinclair markets that come up for renewal during 2014 and 2015. Three of the new agreements will expire on August 31, 2019 and the other 11 will expire on August 31, 2020. The markets being renewed are listed below and include six of Sinclair's ten biggest ABC markets, including five of the top six ABC markets. The company's remaining ABC affiliation agreements do not expire for several years. The company said, "We are pleased to have reached this agreement with ABC to renew these affiliation agreements for 5-year terms including a number of agreements that were not set to expire until 2015."