Gray Television, Inc. Announces Declaration of Special $0.12 Per Share Common Dividend
November 23 2004 - 6:00AM
PR Newswire (US)
Gray Television, Inc. Announces Declaration of Special $0.12 Per
Share Common Dividend ATLANTA, Nov. 23 /PRNewswire-FirstCall/ --
Gray Television, Inc. (NYSE: GTN; GTN.A) announced today that its
Board of Directors has declared a special dividend of $0.12 per
share, payable on January 4, 2005, to stockholders of record of its
Common Stock and Class A Common Stock on December 14, 2004. Since
its stock buyback program was initiated in August 2004, Gray has
repurchased a combined total of 1,546,400 shares of its Common
Stock and Class A Common Stock for a total investment of
approximately $19.4 million through November 19, 2004. Through its
stock buyback program and dividends declared or paid so far this
year, Gray will have returned close to $31.2 million of capital to
its common shareholders in 2004. This dividend payment in January
2005 will mark the 38th consecutive year that Gray will have paid a
common stock cash dividend. Gray Television, Inc. is a
communications company headquartered in Atlanta, Georgia, and
currently operates 16 CBS-affiliated television stations, seven
NBC-affiliated television stations, seven ABC-affiliated television
stations and five daily newspapers. DATASOURCE: Gray Television,
Inc. CONTACT: Bob Prather, President, +1-404-266-8333, or Jim Ryan,
Chief Financial Officer, +1-404-504-9828, both of Gray Television,
Inc. Web site: http://www.graytvinc.com/
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