Kar Auction Services (KAR) Raises Quarterly Dividend 9.4% to $0.35; 3% Yield

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Go back to Kar Auction Services (KAR) Raises Quarterly Dividend 9.4% to $0.35; 3% Yield

KAR Auction Services, Inc. Reports Third Quarter 2017 Financial Results

October 31, 2017 4:50 PM EDT

Fourth quarter 2017 dividend of $0.35 represents 9.4% increase over the previous dividend.Third quarter 2017 revenue increased to $843.0 million with 46% incremental margins based on increased volume, decreased loan loss rate, and SG&A control.Net Income Per Share increased 18%, Operating Adjusted Net Income Per Share increased 14% and Adjusted EBITDA increased 13% over the quarter ended September 30, 2016.Company increases guidance for full year 2017 Net Income Per Share and Operating Adjusted Net Income Per Share.

CARMEL, Ind., Oct. 31, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:... More