GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

Rhea-AI Summary

Gray (NYSE: GTN) announced a quarterly cash dividend of $0.08 per share for common and Class A common stock. The dividend is payable on March 31, 2026 to shareholders of record at the close of business on March 13, 2026.

Positive

• Dividend declared: $0.08 per share quarterly
• Definite payout dates: record date March 13, 2026; payable March 31, 2026

Negative

• Immediate cash outflow to fund the March 31, 2026 dividend

News Market Reaction – GTN

+23.79% 1.6x vol

63 alerts

+23.79% News Effect

+20.5% Peak in 5 hr 41 min

+$117M Valuation Impact

$609M Market Cap

1.6x Rel. Volume

On the day this news was published, GTN gained 23.79%, reflecting a significant positive market reaction. Argus tracked a peak move of +20.5% during that session. Our momentum scanner triggered 63 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $117M to the company's valuation, bringing the market cap to $609M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

ATLANTA, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Gray Media, 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 March 31, 2026, to shareholders of record at the close of business on March 13, 2026.

About Gray Media:

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 serving 114 full-power television markets that collectively reach approximately 37% of US television households. The portfolio includes 77 markets with the top-rated television station and 97 markets with the first and/or second highest rated television station in average all-day ratings across the 113 of such markets that were measured by Nielsen in 2025.  We also own the largest Telemundo Affiliate group with 47 markets and Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services. Our additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. For more information, please visit www.graymedia.com.

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.graymedia.com. 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.

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Gray Contacts:

Alan Gould, Vice President, Investor Relations, (404) 266-8333, alan.gould@graymedia.com

FAQ

What is Gray's announced quarterly dividend for 2026 (GTN)?

Gray announced a quarterly cash dividend of $0.08 per share. According to the company, the dividend applies to both common and Class A common stock and reflects the board's authorization on February 26, 2026.

When will Gray (GTN) pay the $0.08 dividend and who receives it?

The dividend is payable on March 31, 2026 to shareholders of record at the close of business on March 13, 2026. According to the company, eligible shareholders on the record date will receive the cash payment.

What is the record date for Gray's March 2026 dividend (GTN)?

The record date is March 13, 2026, closing of business. According to the company, only shareholders of record at that time will be entitled to the March 31, 2026 dividend payment.

How does Gray's $0.08 dividend affect GTN shareholders' income?

Shareholders receiving the dividend will get $0.08 per share in cash on March 31, 2026. According to the company, the payout provides direct cash return to investors holding shares on the March 13, 2026 record date.

Does Gray's dividend apply to both common and Class A common stock (GTN)?

Yes, the $0.08 quarterly dividend covers both common and Class A common stock. According to the company, the board specifically authorized the dividend for both share classes on February 26, 2026.