Group 1 Automotive (GPI) will increase its quarterly dividend by another 2.9 percent to 35 cents per share. This marks the 4th consecutive dividend hike YTD. The new dividend yield for GPI is 0.7% at a stock price of $199 and the next ex-dividend date is November 30, 2021.
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. Group 1 suspended its dividend again during the COVID-19 pandemic in 2020.
2022