Group 1 Automotive, Inc. (GPI) to Issue Quarterly Dividend of $0.55 on June 15th

Group 1 Automotive, Inc. (NYSE:GPI) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 1st will be paid a dividend of 0.55 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, June 1st.

Group 1 Automotive has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 2 years. Group 1 Automotive has a dividend payout ratio of 5.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Group 1 Automotive to earn $47.65 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 4.6%.

Group 1 Automotive Stock Performance

Shares of NYSE GPI opened at $317.55 on Friday. The stock has a 50 day moving average price of $332.70 and a 200 day moving average price of $359.42. Group 1 Automotive has a 52 week low of $292.44 and a 52 week high of $488.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.21 and a current ratio of 0.95. The stock has a market capitalization of $3.78 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $8.66 EPS for the quarter, missing the consensus estimate of $8.82 by ($0.16). Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted $10.17 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that Group 1 Automotive will post 42.22 earnings per share for the current fiscal year.

About Group 1 Automotive

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.