Gray Television, Inc. Plans Quarterly Dividend of $0.08 (NYSE:GTN.A)

Gray Television, Inc. (NYSE:GTN.A) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.08 per share on Friday, June 28th. This represents a $0.32 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Friday, June 14th.

Gray Television Stock Performance

NYSE GTN.A remained flat at $7.60 on Friday. 14 shares of the company’s stock were exchanged, compared to its average volume of 2,152. The business has a fifty day moving average price of $7.42 and a 200 day moving average price of $8.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $738.72 million, a PE ratio of -5.47 and a beta of 1.30. Gray Television has a 52 week low of $5.90 and a 52 week high of $11.00.

Gray Television (NYSE:GTN.A) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). The firm had revenue of $864.00 million during the quarter. Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Gray Television Company Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.