GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

Rhea-AI Summary

Gray Television (NYSE: GTN) has declared a quarterly cash dividend of $0.08 per share for its common and Class A common stock. This dividend is set to be paid on June 30, 2021, to shareholders on record by the close of business on June 15, 2021. Gray is the largest owner of local television stations in the U.S., with operations in 94 markets, reaching approximately 24% of U.S. television households. The company has a strong audience presence, ranking first in 70 markets as per Comscore's metrics.

Positive

• Quarterly cash dividend of $0.08 per share enhances income for shareholders.
• Gray Television operates in 94 markets, reaching about 24% of U.S. households, indicating strong market presence.

Negative

• None.

ATLANTA, June 01, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on June 30, 2021, to shareholders of record at the close of business on June 15, 2021.

About Gray Television:

Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray is the largest owner of top-rated local television stations and digital assets in the United States. Gray currently owns and/or operates television stations and leading digital properties in 94 television markets that collectively reach approximately 24% of U.S. television households. During 2020, Gray’s stations were ranked first in 70 markets and ranked first and/or second in 86 markets, as calculated by Comscore’s audience measurement service. Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content, and it is the majority owner of Swirl Films.

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Gray Contacts:
www.gray.tv
Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828
Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333

FAQ

What is the dividend amount declared by Gray Television?

Gray Television declared a quarterly cash dividend of $0.08 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 30, 2021.

Who is eligible to receive the dividend?

Shareholders of record as of June 15, 2021, will be eligible for the dividend.

How does Gray Television's market presence impact its stock?

Gray Television's operations in 94 markets, reaching 24% of U.S. households, enhance its stock appeal to investors.