Gray Media Announces Quarterly Dividend of $0.08 Per Share
Gray Media (GTN) has declared a quarterly dividend of $0.08 per share, maintaining consistency with its previous payout levels. The distribution carries a forward yield of approximately 6.56%. Shareholders of record as of December 15 will be eligible for the payment, which is scheduled to be paid on December 31. The announcement comes amidst mixed financial performance indicators for the company. While Gray Media reported revenue of $972 million, exceeding expectations by $10 million, its GAAP earnings per share (EPS) of $0.66 fell short of estimates by $0.22.
Tickers: $GTN
Topics: dividend declaration EPS miss quarterly earnings revenue beat