GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
November 08 2023 - 6:05AM
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
December 29, 2023, to shareholders of record at the close of
business on December 15, 2023.
About Gray
Television:
We are a multimedia company headquartered in Atlanta, Georgia.
We are the nation’s largest owner of top-rated local television
stations and digital assets. Our television stations serve 113
television markets that collectively reach approximately 36 percent
of US television households. This portfolio includes 80 markets
with the top-rated television station and 102 markets with the
first and/or second highest rated television station in 2022. We
also own video program companies Raycom Sports, Tupelo Media Group,
and PowerNation Studios, as well as the studio production
facilities Assembly Atlanta and Third Rail Studios. We own 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) 504-9828Kevin P.
Latek, Executive Vice President, Chief Legal and Development
Officer, (404) 266-8333
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