Gray Television Inc stock (US3893751061): NYSE price steadies as investors digest recent earnings and high dividend yield

Gray Television shares traded near USD 4 on the New York Stock Exchange on 05/29/2026, with intraday prices fluctuating roughly between USD 4.01 and USD 4.15 as of the latest available data, according to Robinhood as of 05/29/2026.

The stock thus remains close to levels seen after the company’s latest quarterly earnings release, which prompted a sharp negative reaction earlier in May 2026 when Gray Television posted weaker-than-expected numbers versus analyst estimates, according to StockStory coverage of the Q1 2026 results published in May 2026.

Based on real-time trading data, Robinhood reports a share price near USD 4.06 for Gray Television on 05/29/2026, implying a market capitalization of about USD 450 million and a price-to-earnings ratio in the negative mid-single digits, reflecting a loss-making position on a trailing basis.

Robinhood also highlights that Gray Television offers a dividend yield in the high single digits, around 7.7 percent as of 05/29/2026, which stands out among smaller U.S. media and broadcasting companies and offers income-focused investors a notable cash return despite the underlying earnings volatility.

The stock trades primarily in the United States on the New York Stock Exchange under the ticker GTN, and the combination of weak recent earnings and a high dividend yield has kept domestic investors focused on the company’s leverage and cash generation outlook.

In Germany, Gray Television is also available over-the-counter on trading venues such as Tradegate for euro-based investors, with prices broadly mirroring the U.S.-dollar quotation on the NYSE when converted at prevailing exchange rates on 05/29/2026.

As of: 05/29/2026

By the editorial team - specialized in equity coverage.

Gray Television Inc: core business model

Gray Television operates a portfolio of local broadcast TV stations and related digital outlets across numerous U.S. markets, generating most of its revenue from advertising and retransmission fees that are heavily influenced by economic conditions and the political advertising calendar.

Valuation metrics and multiples for Gray Television Inc

On standard valuation metrics, Gray Television currently trades on a depressed earnings multiple, as Robinhood lists the company on 05/29/2026 at roughly USD 4.06 per share with a trailing price-to-earnings ratio of about -2.73, underscoring that the company is loss-making on the most recent reported basis.

The same Robinhood snapshot indicates a dividend yield of approximately 7.7 percent as of late May 2026, suggesting that the cash payout is sizable relative to the company’s market capitalization and that investors are implicitly discounting considerable earnings and balance-sheet risk in the current share price.

Conclusion

With Gray Television shares trading near USD 4 on the NYSE and sporting a high single-digit dividend yield, investors in the United States are weighing the income appeal of the payout against the risks implied by a negative earnings multiple and a modest market capitalization.

The company’s valuation metrics highlight how sharply the market has marked down the stock following underwhelming quarterly results in May 2026, even as the underlying broadcast TV and political advertising businesses remain cyclical but established.

How the balance between leverage, earnings recovery and dividend policy develops into the remainder of 2026 is likely to be central for future trading in Gray Television on both the NYSE and German trading venues.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.