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

Gray Media Inc. (NYSE:GTN) announced a quarterly dividend on Friday, November 6th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.08 per share on Thursday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Tuesday, December 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 ($0.73) 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 -43.8%.

Gray Media Trading Up 0.3%

Shares of NYSE GTN traded up $0.01 during midday trading on Friday, reaching $4.89. 1,537,795 shares of the stock were exchanged, compared to its average volume of 1,262,290. The stock has a 50 day moving average price of $4.65 and a 200-day moving average price of $4.59. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $504.09 million, a P/E ratio of -8.02, a P/E/G ratio of 0.10 and a beta of 1.01. Gray Media has a 52-week low of $3.55 and a 52-week high of $6.43.

Gray Media (NYSE:GTN) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.20). Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The firm had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $955.75 million. During the same period in the previous year, the company posted ($0.24) EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. Equities research analysts expect that Gray Media will post 2.35 earnings per share for the current fiscal year.

Gray Media News Roundup

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

• Positive Sentiment: Full-year 2026 revenue guidance is $3.7 billion, above the $3.6 billion consensus estimate. Fourth-quarter revenue guidance of $1.1 billion is in line with expectations. Gray Media Announces Third Quarter Financial Results
• Positive Sentiment: Third-quarter revenue was $972 million, topping analysts’ $955.75 million estimate and rising 29.8% year over year. Gray Media third-quarter earnings report
• Positive Sentiment: Gray Media authorized a quarterly cash dividend of $0.08 per share, payable December 31 to shareholders of record on December 15. Gray announces quarterly cash dividend
• Negative Sentiment: Third-quarter EPS was $0.66, below analysts’ estimates of roughly $0.84–$0.86. The earnings shortfall may weigh on sentiment despite the revenue beat; the company also reported a negative net margin. Gray Media misses Q3 earnings estimates

Gray Media Company Profile

Gray Media, formerly known as Gray Television, is a multimedia company that owns and operates local television stations and related digital media properties in markets across the United States. Its stations provide local news, weather, sports, public affairs and entertainment programming, while also distributing content through websites, mobile platforms and other digital channels.

The company’s broadcast portfolio includes affiliates of major networks such as ABC, CBS, NBC, FOX and The CW, as well as independent and specialty stations.