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Gray Television, Inc. (GTN)

NYSE - NYSE Delayed price. Currency in USD
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19.56+0.68 (+3.60%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous close18.88
Open19.15
Bid19.47 x 800
Ask19.51 x 800
Day's range18.97 - 19.72
52-week range8.53 - 20.75
Volume619,344
Avg. volume694,278
Market cap1.856B
Beta (5Y monthly)2.01
PE ratio (TTM)5.30
EPS (TTM)3.69
Earnings date05 May 2021 - 10 May 2021
Forward dividend & yield0.32 (1.69%)
Ex-dividend date12 Mar 2021
1y target est24.88
  • Gray Television Inc (GTN) Q4 2020 Earnings Call Transcript
    Motley Fool

    Gray Television Inc (GTN) Q4 2020 Earnings Call Transcript

    GTN earnings call for the period ending December 31, 2020.

  • GRAY NAMES STERLING SPAINHOUR TO ITS BOARD OF DIRECTORS
    GlobeNewswire

    GRAY NAMES STERLING SPAINHOUR TO ITS BOARD OF DIRECTORS

    ATLANTA, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced that its Board of Directors unanimously voted to expand the Board by one seat and elected Sterling A. Spainhour, Jr. as an independent Director to fill that position, effective at the close of business today. Like all Directors, Mr. Spainhour’s term will run through our next Annual Meeting. Mr. Spainhour is Senior Vice President, General Counsel and Corporate Secretary, and chief compliance officer, for Georgia Power, where he oversees Georgia Power’s corporate governance, corporate compliance, risk management, security and legal services functions, and serves on the company’s management council. Prior to his current role, he initially joined Southern Company in 2016, where he led the legal organization that supports all of Southern Company’s operating subsidiaries, and where he continues to oversee the corporate, energy regulation and technology functions for Southern Company Services. Before moving into the private sector, Mr. Spainhour was a partner at the international law firm Jones Day, where he spent over 20 years advising top tier companies on complex corporate governance matters and mergers and acquisitions. He also had previously served as senior counsel for CNN, where he was responsible for advising the news network’s internet divisions on a full range of legal matters. Mr. Spainhour has been active in the Atlanta civic and business communities and is a graduate of the University of North Carolina-Chapel Hill and the Duke University School of Law and Fuqua School of Business. Gray’s Executive Chairman and CEO Hilton H. Howell, Jr., said “I am thrilled to welcome Sterling to Gray’s Board. He brings a wealth of legal, governance and business experience, having worked closely with a broad array of leading companies across many industries, including in the media and broadcasting space, and I know he will make valuable contributions to our Board. In Sterling’s current position, he helps Georgia Power serve its local customers and support local communities – which is at the essence of what Gray does as well. I am so appreciative that our Nominating and Corporate Governance Committee, after considering a number of candidates, unanimously decided upon and recommended Sterling, and I look forward to working with him.” About Gray Television: Gray Television is a television broadcast company headquartered in Atlanta, Georgia. It is the largest owner of top-rated local television stations and digital assets in the country. 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, our stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscore, Inc.’s audience measurement service. We also own video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios, the producer of PowerNation programs and content. CONTACT: Gray Contacts: www.gray.tv Hilton H. Howell, Jr., Chairman, President and Chief Executive Officer, 404-266-5512 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

  • GRAY INITIATES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
    GlobeNewswire

    GRAY INITIATES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

    ATLANTA, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that its Board of Directors has authorized the initiation of a regular quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The first dividend is payable on March 31, 2021, to shareholders of record at the close of business on March 15, 2021. Gray last paid a dividend to common stock and Class A common stockholders on October 15, 2008. “We are very pleased to announce that we are initiating a quarterly cash dividend program,” said Gray Executive Chairman and CEO Hilton H. Howell, Jr. “Our Board’s decision to reinstate our dividend program after a long hiatus reflects the strong free cash flow generated by our high quality operations, our positive outlook on the continued growth of our business, and our continued commitment to deliver value to our shareholders. We also believe that the annual capital that we plan to allocate to dividend payments nevertheless provides us with ample liquidity to reduce leverage, continue to consider accretive acquisitions, and pursue other initiatives to enhance long-term value for our shareholders.” While Gray intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion. About Gray Television: We are a television broadcast company headquartered in Atlanta, Georgia. We are the largest owner of top-rated local television stations and digital assets in the United States (“U.S.”). 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, our stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscore, Inc.’s audience measurement service. We also own video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios, the producer of PowerNation programs and content, which we refer to collectively as our “production companies.” Cautionary Statements Regarding Forward-Looking Statements This press release contains certain forward looking statements that are based largely on Gray’s current expectations and reflect various estimates and assumptions by Gray. These statements are statements other than those of historical fact and may be identified by words such as “estimates,” “expect,” “anticipate,” “will,” “implied,” “assume” and similar expressions. Forward looking statements are subject to certain risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such forward looking statements. Such risks, trends and uncertainties, which in some instances are beyond Gray’s control, include Gray’s inability to provide expected future payment of dividends and other future events. Gray is subject to additional risks and uncertainties described in Gray’s quarterly and annual reports filed with the Securities and Exchange Commission from time to time, including in the “Risk Factors,” and management’s discussion and analysis of financial condition and results of operations sections contained therein, which reports are made publicly available via its website, www.gray.tv. Any forward looking statements in this release should be evaluated in light of these important risk factors. This release reflects management’s views as of the date hereof. Except to the extent required by applicable law, Gray undertakes no obligation to update or revise any information contained in this release beyond the published date, whether as a result of new information, future events or otherwise. # # # CONTACT: Gray Contacts: www.gray.tv Hilton H. Howell, Jr., Executive Chairman and Chief Executive Officer, 404-266-5512 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