Gray Media Inc. (NYSE:GTN) to Issue $0.08 Quarterly Dividend

Gray Media Inc. (NYSE:GTN) declared a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 15th will be given a dividend of 0.08 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, June 15th.

Gray Media has a dividend payout ratio of 12.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Gray Media to earn ($0.55) per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of -58.2%.

Gray Media Stock Down 19.9%

NYSE GTN traded down $1.10 during trading hours on Thursday, hitting $4.43. 3,180,234 shares of the company were exchanged, compared to its average volume of 1,362,901. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The firm has a market cap of $459.95 million, a price-to-earnings ratio of -3.12 and a beta of 1.04. The company has a 50 day moving average of $5.14 and a two-hundred day moving average of $4.86. Gray Media has a 52-week low of $3.50 and a 52-week high of $6.43.

Gray Media (NYSE:GTN) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.02). Gray Media had a negative net margin of 2.75% and a negative return on equity of 2.51%. The company had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $768.05 million. During the same quarter in the previous year, the business posted ($0.23) EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Gray Media will post 2.2 earnings per share for the current year.

Key Gray Media News

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Board approved a quarterly cash dividend of $0.08 per share, payable June 30 to holders of record June 15 — a shareholder-friendly move that supports income investors. GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
• Positive Sentiment: Closed the previously announced station purchase from Block Communications for $80 million, expanding its local station footprint (Louisville, Springfield‑Decatur, Lima) — a strategic move to grow advertising reach and local revenue potential. Gray Media and Block Communications Close Station Transaction
• Neutral Sentiment: Management held the Q1 earnings call; the transcript is available for investors seeking detail on revenue drivers, expense trends and commentary that underpins the guidance. Gray Media, Inc. (GTN) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Local management hire announced for KBTX (Bryan‑College Station) — operational update that supports local sales execution but unlikely to move the stock materially. Nicole Lewis Joins Gray Media as General Manager/Director of Sales of KBTX in Bryan-College Station, Texas
• Neutral Sentiment: Recent analyst/broker commentary has surfaced encouraging investors to consider GTN; these pieces can moderate sell pressure if sentiment improves but are not a catalyst by themselves. Brokers Suggest Investing in Gray Media (GTN): Read This Before Placing a Bet
• Negative Sentiment: Q1 results: GAAP loss of $0.34/sh vs. consensus loss $0.32 (miss), revenue $768.0M essentially in line but down 1.8% year‑over‑year — the EPS miss and declining revenue raise near‑term profitability concerns. Gray Media (GTN) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Updated Q2 revenue guidance of roughly $780M–$800M compares to a consensus near $794M — the midpoint is slightly below Street expectations, which likely amplified selling pressure after the quarter.

Gray Media Company Profile

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.