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

Gray Television, Inc. (NYSE:GTN.A) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders 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 dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, December 13th.

Gray Television Stock Down 15.3 %

Shares of NYSE:GTN.A opened at $6.51 on Wednesday. Gray Television has a 52-week low of $5.00 and a 52-week high of $10.90. The firm has a market capitalization of $648.83 million, a P/E ratio of 5.13 and a beta of 1.22. The stock has a 50 day moving average price of $7.32 and a 200-day moving average price of $7.97. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

Gray Television Company Profile

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.