Group 1 Automotive (GPI) will raise its quarterly dividend by 4.0 percent to $0.26 per share in the first quarter of 2018. The new dividend yield for GPI is 1.4%.

The new annual dividend of $1.04 per share for 2018 marks the 8th consecutive year of dividend increases by GPI. In 2017 the dividend was hiked by 4.2 percent.

Group 1 Automotive, Inc. owns and operates automotive dealerships, franchises, and 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. Group 1 Automotive became a public company in October 1997 and restarted a quarterly payment in 2010 following the suspension of its dividend in 2009 during the financial crisis.