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Gray Television Reaffirms Q3 Guidance, Declares 2-cent Common Stock Dividend - Update

(RealTimeTraders.com) - Before the bell Friday, communications company, Gray Television Inc. (GTN) reaffirmed third quarter financial guidance. The company also declared a dividend on common and preferred stock.

The company said it still expects operating income for the third quarter of $18.3 million to $19.0 million on total operating revenues of $71.7 million to $73.2 million.

Gray Television additionally announced that the Board has declared a dividend of 2 cents per share, payable September 30th to common stock and Class A Common Stock shareholders of record September 15th. The Board also declared a dividend of $200 per share, payable September 30th for Series C Preferred Stock holders of record September 15th.

Gray Television closed Thursday’s session at $13.40.

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