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HOUSTON - Group 1 Automotive, Inc. (NYSE:GPI) announced Tuesday its board of directors has declared a quarterly dividend of $0.50 per share, maintaining the previously announced 6% increase in its annualized dividend rate from $1.88 in 2024 to $2.00 per share in 2025. According to InvestingPro data, the company has maintained dividend payments for 16 consecutive years and has raised its dividend for 4 straight years, demonstrating a strong commitment to shareholder returns.
The dividend will be payable on September 16, 2025, to stockholders of record as of September 2, 2025.
The Fortune 250 automotive retailer, which operates 259 dealerships across the U.S. and U.K., also provided an update on its share repurchase activities. Year-to-date, the company has repurchased 447,373 shares of common stock at an average price of $416.60, totaling $186 million. This represents approximately 3.4% of Group 1’s outstanding common shares as of January 1, 2025.
As of Tuesday, Group 1 reported $290 million remaining available under its current share repurchase authorization. The company indicated that repurchases may be made in open market or privately negotiated transactions, based on market conditions and other considerations, with funding expected to come from cash operations.
Group 1 Automotive currently owns and operates 259 automotive dealerships, 324 franchises, and 39 collision centers across the United States and the United Kingdom, offering 36 automobile brands. The company’s services include new and used vehicle sales, vehicle financing, automotive maintenance and repair services, and parts sales.
The information in this article is based on a press release statement from Group 1 Automotive.
In other recent news, Group 1 Automotive reported impressive financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $11.52, exceeding the forecast of $10.47. Additionally, Group 1 Automotive reported record revenue of $5.7 billion, which was above the predicted $5.62 billion. In a separate development, Group 1 Automotive has appointed Melkeya McDuffie as Senior Vice President and Chief Human Resources Officer. McDuffie previously served as Chief People Officer at Bright Horizons and brings extensive experience from her role at Clean Harbors. These recent developments reflect ongoing changes and achievements within the company.
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