Group 1 Automotive (GPI) Raises Quarterly Dividend 18.2% to $0.13; 1.3% Yield; Doubles Buyback to $50M
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Group 1 Automotive, Inc. (NYSE: GPI) declared a quarterly dividend of $0.13 per share, or $0.52 annualized. This is an 18.2% increase from the prior dividend of $0.11.
The dividend will be payable on September 15, 2011, to stockholders of record on September 1, 2011, with an ex-dividend date of August 30, 2011.
The annual yield on the dividend is 1.3 percent.
In addition, the board of directors doubled the share repurchase program authorization that was announced on Aug. 8 to $50 million from $25 million.
The dividend will be payable on September 15, 2011, to stockholders of record on September 1, 2011, with an ex-dividend date of August 30, 2011.
The annual yield on the dividend is 1.3 percent.
In addition, the board of directors doubled the share repurchase program authorization that was announced on Aug. 8 to $50 million from $25 million.
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