Group 1 Automotive Increases Quarterly Cash Dividend by 6.5%

Rhea-AI Summary

Group 1 Automotive, Inc. (NYSE: GPI) announced a quarterly cash dividend of $0.33 per share for Q1 2021, marking a 6.5% increase from the previous quarter. This dividend will be paid on June 15, 2021, to stockholders on record as of June 1, 2021. Group 1 operates 182 automotive dealerships and offers a wide range of automotive services in the U.S., U.K., and Brazil.

Positive

• Quarterly cash dividend increased by 6.5%
• $0.33 dividend per share boosts income for shareholders

Negative

• None.

HOUSTON, May 11, 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 $0.33 per share for the first quarter of 2021.  The dividend, which represents an increase of 6.5 percent, or $0.02 per share, from the fourth quarter of 2020, will be payable on June 15, 2021, to stockholders of record as of June 1, 2021.

ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 182 automotive dealerships, 233 franchises, and 49 collision centers in the United States, the United Kingdom and Brazil that offer 31 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:http://www.prnewswire.com/news-releases/group-1-automotive-increases-quarterly-cash-dividend-by-6-5-301289158.html

SOURCE Group 1 Automotive, Inc.

FAQ

What is the dividend amount declared by Group 1 Automotive?

Group 1 Automotive declared a cash dividend of $0.33 per share.

When will the dividend be paid to shareholders of Group 1 Automotive?

The dividend will be paid on June 15, 2021.

What is the frequency of dividends for Group 1 Automotive?

Dividends are declared quarterly by Group 1 Automotive.

What is the increase percentage of the latest dividend for Group 1 Automotive?

The latest dividend represents a 6.5% increase from the previous quarter.