GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
May 08 2024 - 4:30PM
Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that its
Board of Directors has authorized a quarterly cash dividend of
$0.08 per share of its common stock and Class A common stock. The
dividend is payable on June 28, 2024, to shareholders of record at
the close of business on June 14, 2024.
About Gray Television:
We are a multimedia company headquartered in
Atlanta, Georgia and the nation’s largest owner of top- rated local
television stations and digital assets. Our television stations
serve 114 television markets that collectively reach approximately
36 percent of US television households. This portfolio includes 79
markets with the top-rated television station and 102 markets with
the first and/or second highest rated television station. It also
owns video program companies Raycom Sports, Tupelo Media Group, and
PowerNation Studios, as well as the studio production facilities
Assembly Atlanta and Third Rail Studios. Gray owns a majority
interest in Swirl Films. For more information, please visit
www.gray.tv.
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 communication
should be evaluated in light of these important risk factors. This
press 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
communication beyond the date hereof, whether as a result of new
information, future events or otherwise.
# # #
Gray Contacts: www.gray.tv. 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 Jeff Gignac, Vice President,
Finance (470) 225-5453
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