Gray Television, Inc. has announced a quarterly cash dividend of $0.08 per share of its common stock and class A common stock. The dividend is payable on March 28, 2024, to shareholders of record at the close of business on March 15, 2024.
Gray Television, headquartered in Atlanta, Georgia, is the nation’s largest owner of top-rated local television stations and digital assets. Their television stations serve 113 television markets, reaching approximately 36 percent of US television households. In 2023, their portfolio included 79 markets with the top-rated television station and 102 markets with the first and/or second highest rated television station.
The company also owns video program companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, as well as studio production facilities Assembly Atlanta and Third Rail Studios. They also own a majority interest in Swirl Films.
It's important to note that Gray Television's quarterly cash dividend has remained unchanged at $0.08 per share, indicating stability in their dividend payout to shareholders. Following these announcements, the company's shares moved -2.8%, and are now trading at a price of $5.97. Check out the company's full 8-K submission here.
