Group 1 Automotive, Inc. Plans Quarterly Dividend of $0.55 (NYSE:GPI)

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 of this dividend is Monday, June 1st.

Group 1 Automotive has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 2 years. Group 1 Automotive has a payout ratio of 5.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Group 1 Automotive to earn $47.67 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 Price Performance

NYSE:GPI traded down $5.07 on Wednesday, hitting $331.08. The company had a trading volume of 91,291 shares, compared to its average volume of 174,290. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.80 and a beta of 0.87. The company has a current ratio of 0.95, a quick ratio of 0.21 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $330.13 and a two-hundred day moving average of $366.37. Group 1 Automotive has a 52 week low of $292.44 and a 52 week high of $488.39.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $8.66 EPS for the quarter, missing the consensus estimate of $8.82 by ($0.16). The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. Group 1 Automotive’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $10.17 EPS. On average, research analysts anticipate that Group 1 Automotive will post 42.28 earnings per share for the current 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.