Group 1 Automotive, Inc. announced that its board of directors has approved an increase in the 2025 annual dividend rate to $2.00 per share. This represents a 6% increase, or $0.12, from the 2024 annual dividend rate of $1.88 per share.
Consistent with this increase, a quarterly dividend of $0.50 per share will be payable on March 17, 2025, to stockholders of record as of March 3, 2025. This marks a continued commitment by the company to provide consistent returns to its shareholders.
The dividend increase reflects the company's solid financial performance and confidence in its future cash flow generation. This strategic capital allocation decision aims to enhance shareholder value.
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