Group 1 Automotive Increases Quarterly Cash Dividend by 3.0%

Rhea-AI Summary

Group 1 Automotive, Inc. (NYSE: GPI) announced a cash dividend of $0.34 per share for Q2 2021, marking a 3.0% increase from the previous quarter. The dividend is payable on September 15, 2021, to stockholders on record by September 1, 2021. This decision reflects the company's commitment to returning value to shareholders amidst a competitive automotive retail environment.

Positive

• Increased quarterly cash dividend to $0.34 per share.
• 3.0% rise in dividend reflects company confidence.

Negative

• None.

HOUSTON, Aug. 17, 2021 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today announced that its board of directors declared a cash dividend of $0.34 per share for the second quarter of 2021.  The dividend, which represents an increase of 3.0 percent, or $0.01 per share, from the first quarter of 2021, will be payable on September 15, 2021, to stockholders of record as of September 1, 2021.

ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 188 automotive dealerships, 242 franchises, and 48 collision centers in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Investors please visit group1corp.com, group1auto.com, group1collision.com, acceleride.com, facebook.com/group1auto, and twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations.

Investor contacts:
Sheila Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | sroth@group1auto.com

Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | cwoods@piercom.com

View original content:https://www.prnewswire.com/news-releases/group-1-automotive-increases-quarterly-cash-dividend-by-3-0-301357344.html

SOURCE Group 1 Automotive, Inc.

FAQ

What is the new dividend amount for Group 1 Automotive (GPI)?

Group 1 Automotive has declared a cash dividend of $0.34 per share.

When is the dividend payment date for GPI?

The dividend will be payable on September 15, 2021.

What was the percentage increase in the dividend for GPI?

The dividend was increased by 3.0% from the first quarter of 2021.

Who are the stockholders of record for the GPI dividend?

Stockholders of record as of September 1, 2021, will receive the dividend.