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

Gray Television, Inc. (NYSE:GTN.A) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, March 14th.

Gray Television Stock Down 0.9 %

Shares of GTN.A stock traded down $0.06 on Friday, hitting $6.49. The stock had a trading volume of 983 shares, compared to its average volume of 5,765. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average of $7.14 and a 200 day moving average of $7.33. Gray Television has a 12-month low of $5.00 and a 12-month high of $10.90. The stock has a market cap of $646.84 million, a price-to-earnings ratio of 4.33 and a beta of 1.21.

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

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.