Gray Television Announces Quarterly Cash Dividend and Continues Success with InvestigateTV+ and Service to America Awards
ATLANTA, May 08, 2024 - Gray Television, Inc. (NYSE: GTN) has recently made several significant announcements that highlight the company’s continued success and commitment to its shareholders, viewers, and local communities. The company’s Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock, demonstrating Gray’s dedication to providing value to its investors. The dividend will be payable on June 28, 2024, to shareholders of record as of June 14, 2024.
In addition to the dividend announcement, Gray Television has reaffirmed its commitment to the investigative news magazine, InvestigateTV+. Following an impressive debut season with double-digit ratings growth, the show has been renewed for a second season in 2024-2025. InvestigateTV+ has steadily built its audience throughout its first season, experiencing an average of 25% growth with Adults 18+ across all Gray markets since its launch in September 2023, according to Nielsen. This renewal is a testament to the show’s success and highlights Gray’s dedication to producing high-quality content that resonates with viewers.
Gray Television’s commitment to community service has also been recognized by the National Association of Broadcasters Leadership Foundation (NABLF). Two television stations owned by Gray Television, Inc. have been selected for this year’s coveted Service to America Awards. These awards acknowledge outstanding community service by local broadcasters, and Gray Television has demonstrated its commitment to making a positive impact on the communities it serves. The winners will be recognized at an in-person gala in Washington, DC, on June 4, 2024.
With these recent announcements, Gray Television continues to showcase its commitment to its stakeholders through its strong financial performance, investment in quality programming, and dedication to improving the communities it serves. The quarterly cash dividend further demonstrates Gray’s commitment to providing long-term value to its shareholders. The renewal of InvestigateTV+ for another season signifies the company’s ability to produce compelling and engaging content, and the recognition of Gray Television’s stations with the Service to America Awards confirms the company’s commitment to give back to the communities it serves.
Overall, Gray Television’s recent announcements exemplify the company’s dedication to its shareholders, viewers, and communities. The combination of a quarterly cash dividend, the successful renewal of InvestigateTV+, and the recognition of outstanding community service through the Service to America Awards solidify Gray Television’s position as a leading broadcasting company committed to delivering quality content and making a positive impact.
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