Shares of Gray Television, Inc. (NYSE:GTN.A – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.80, but opened at $10.30. Gray Television shares last traded at $10.30, with a volume of 148 shares traded.
Analyst Upgrades and Downgrades
Separately, TheStreet lowered Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
View Our Latest Stock Report on Gray Television
Gray Television Price Performance
Gray Television (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.79 earnings per share (EPS) for the quarter. Gray Television had a return on equity of 2.13% and a net margin of 1.30%. The company had revenue of $823.00 million for the quarter.
Gray Television Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, June 14th. Gray Television’s dividend payout ratio is currently -266.67%.
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.
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