$1.15 in Dividends Payable to Shareholders as of 11/20/12
That's a $1 per share special dividend, and a $.15 per share regular dividend. Add to the fact that the company has a p/e ratio under 9 and a 4.8% dividend yield as we speak, and this is one heck of a bargain at these levels.
Yep, it sure sounds great. Just be careful of days like today. This stock along with most of the stocks in this sector tend to drop a lot when the markets sell off. I'll probably become a buyer in SBGI when it drops below 11.75. GLTA!
Big article on CNBC today about dividends being taxed at 20-40% next year instead of 15%. The person also said he expected a 5-10% market selloff led by dividend paying stocks......as investors ditched them in favor of other risk assets.....just fyi but not good short term for SBGI and BLC. This means dividend paying stocks dropping MORE than the overall market. DaninFW