Gray Television (NYSE:GTN.A) Shares Up 4.4% – Here’s Why

Gray Television, Inc. (NYSE:GTN.AGet Free Report)’s stock price traded up 4.4% on Tuesday . The stock traded as high as $6.60 and last traded at $6.58. 7,056 shares were traded during mid-day trading, an increase of 8% from the average session volume of 6,532 shares. The stock had previously closed at $6.30.

Gray Television Stock Performance

The company has a market cap of $770.43 million, a PE ratio of 4.20 and a beta of 1.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The business’s fifty day moving average is $7.31 and its 200-day moving average is $7.97.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.14%. Gray Television’s dividend payout ratio (DPR) is 21.33%.

About Gray Television

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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.

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