Free Trial

Gray Media Inc. Plans Quarterly Dividend of $0.08 (NYSE:GTN.A)

Gray Media logo with Consumer Discretionary background

Key Points

  • Gray Media Inc. declared a quarterly dividend of $0.08 per share, with stockholders recorded on September 15th set to receive the payment on September 30th.
  • The company's stock closed at $10.47, reflecting a trading increase of $0.37, amidst a market capitalization of $1.06 billion and a PE ratio of 6.93.
  • For the latest quarter, Gray Media reported a loss of ($0.42) EPS and generated $772 million in revenue, highlighting its current financial performance amid a net margin of 5.64%.
  • Want stock alerts on Gray Media? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) declared a quarterly dividend on Monday, August 11th, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.08 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, September 15th.

Gray Media Price Performance

NYSE:GTN.A traded down $1.59 during trading hours on Friday, hitting $9.63. The stock had a trading volume of 13,241 shares, compared to its average volume of 2,145. The company has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $8.33. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.91. Gray Media has a one year low of $5.00 and a one year high of $12.80. The firm has a market capitalization of $977.83 million, a price-to-earnings ratio of 6.38 and a beta of 1.10.

Gray Media (NYSE:GTN.A - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The business had revenue of $772.00 million for the quarter.

Gray Media Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Gray Media (NYSE:GTN.A)

Should You Invest $1,000 in Gray Media Right Now?

Before you consider Gray Media, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gray Media wasn't on the list.

While Gray Media currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid
NVIDIA Earnings: All Signs Point to More Growth Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines