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

Gray Television, Inc. (NYSE:GTN.A) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.08 per share on Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Friday, March 14th.

Gray Television Price Performance

Shares of Gray Television stock opened at $6.49 on Friday. The stock has a market capitalization of $646.84 million, a price-to-earnings ratio of 4.33 and a beta of 1.21. The firm’s 50-day moving average price is $7.14 and its two-hundred day moving average price is $7.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. Gray Television has a 1-year low of $5.00 and a 1-year high of $10.90.

Gray Television (NYSE:GTN.A) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The business had revenue of $1.05 billion for the quarter.

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.