Gray Media Inc. (GTN) to Issue Quarterly Dividend of $0.08 on June 30th

Gray Media Inc. (NYSE:GTN) declared a quarterly dividend on Wednesday, May 6th. 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) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, June 15th.

Gray Media has a payout ratio of 12.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

GTN stock traded up $0.10 during midday trading on Friday, reaching $4.52. The company had a trading volume of 632,518 shares, compared to its average volume of 1,354,237. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $468.55 million, a price-to-earnings ratio of -3.19 and a beta of 1.04. Gray Media has a 1-year low of $3.50 and a 1-year high of $6.43. The stock has a 50 day moving average price of $5.13 and a 200-day moving average price of $4.86.

Gray Media (NYSE:GTN) last issued its quarterly earnings results 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 business had revenue of $768.00 million during the quarter, compared to analyst estimates of $768.05 million. During the same period last year, the firm posted ($0.23) earnings per share. Gray Media’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts expect that Gray Media will post 2.2 earnings per share for the current year.

Gray Media News Roundup

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; record June 15), implying a ~7.2% yield — attractive income for yield-focused investors. GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
• Positive Sentiment: Closed previously announced $80M station acquisition from Block Communications, expanding local station footprint (Louisville, Springfield-Decatur, Lima) — supports revenue diversification and local ad scale. Gray Media and Block Communications Close Station Transaction
• Neutral Sentiment: Company provided Q2 revenue guidance in a $780M–$800M range, which sits around/below consensus (~$794M) — guidance is roughly in line but leaves limited upside visibility. Gray Media, Inc. 2026 Q1 – Results – Earnings Call Presentation
• Neutral Sentiment: Operational hire: Nicole Lewis named GM/Director of Sales for KBTX (Bryan–College Station) — a local leadership move that may help market execution but is not material to near-term financials. Nicole Lewis Joins Gray Media as General Manager/Director of Sales of KBTX in Bryan-College Station, Texas
• Negative Sentiment: Q1 results: GAAP EPS of ($0.34) missed consensus ($0.32) and declined from ($0.23) a year ago; revenue was ~$768M (roughly in line with estimates) but down 1.8% YoY; margins and ROE remain negative — these factors press on valuation and near-term profitability expectations. Gray Media Announces First Quarter Financial Results
• Negative Sentiment: Earnings call/transcripts highlight the miss and near-term headwinds; investors will watch same-store ad trends and cost control commentary for signs of recovery. Gray Media, Inc. (NYSE:GTN) Q1 2026 Earnings Call Transcript

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.