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

Gray Television, Inc. (NYSE:GTN.A) announced a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.08 per share on Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Friday, December 13th.

Gray Television Trading Down 8.3 %

Gray Television stock traded down $0.63 during mid-day trading on Monday, hitting $6.95. The company’s stock had a trading volume of 5,431 shares, compared to its average volume of 2,495. The firm has a market capitalization of $692.71 million, a PE ratio of 4.59 and a beta of 1.29. Gray Television has a 1 year low of $5.90 and a 1 year high of $10.90. The stock’s fifty day moving average is $7.47 and its two-hundred day moving average is $8.14. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $826.00 million during the quarter. Gray Television had a return on equity of 3.02% and a net margin of 1.84%.

About Gray Television

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.