Group 1 Automotive (GPI) Cuts Qtr. Dividend 64% to $0.05/Share
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Group 1 Automotive, Inc. (NYSE: GPI) today announced that its Board has approved a 64% reduction in its quarterly dividend from $0.14 to $0.05 per common share, payable on Dec. 15, 2008, to stockholders of record on Dec. 1, 2008.
The yield is now 2.05%.
Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry.
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