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

Gray Television, Inc. (NYSE:GTN.A) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given 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 of this dividend is Friday, March 14th.

Gray Television Price Performance

Shares of NYSE GTN.A traded down $0.06 during mid-day trading on Friday, reaching $6.49. 983 shares of the company traded hands, compared to its average volume of 5,765. Gray Television has a fifty-two week low of $5.00 and a fifty-two week high of $10.90. 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 firm has a market cap of $646.84 million, a PE ratio of 4.33 and a beta of 1.21. The stock has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $7.33.

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