Sinclair said it will pay a special dividend of $1...
Sinclair said it will pay a special dividend of $1 per share on Dec. 14 to shareholders of record as of Nov. 12. The company’s Q3 sales increased 49 percent from a year earlier to $226 million, a jump that…
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resulted from acquiring stations over the last year and higher political and retransmission consent revenue, the company said. Net income increased 36 percent to $26.3 million. Sinclair decided to pay the special dividend this year ahead of the potential for higher dividend tax rates in 2013, CEO David Smith said.