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

Group 1 Automotive, Inc. (NYSE:GPI) declared a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.55 per share on Tuesday, December 15th. This represents a $2.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st.

Group 1 Automotive has increased its dividend payment by an average of 0.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Group 1 Automotive has a payout ratio of 5.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Group 1 Automotive to earn $40.91 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 5.4%.

Group 1 Automotive Price Performance

Shares of NYSE:GPI traded down $2.58 on Wednesday, reaching $261.60. 22,828 shares of the company traded hands, compared to its average volume of 200,577. The stock has a market capitalization of $3.13 billion, a PE ratio of 8.28, a P/E/G ratio of 2.09 and a beta of 0.96. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 0.57. The company’s 50 day moving average is $255.14 and its 200-day moving average is $302.80. Group 1 Automotive has a fifty-two week low of $224.65 and a fifty-two week high of $429.00.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Wednesday, October 28th. The company reported $9.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.50 by ($0.14). Group 1 Automotive had a return on equity of 14.91% and a net margin of 1.75%. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the firm earned $10.45 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. As a group, analysts anticipate that Group 1 Automotive will post 37.14 earnings per share for the current fiscal year.

About Group 1 Automotive

Group 1 Automotive, Inc. is an international automotive retailer headquartered in Houston, Texas. Founded in 1997, the company operates franchised dealerships and collision centers in the United States and the United Kingdom. Its dealerships sell new and used vehicles from a range of manufacturers and provide related services, including vehicle maintenance and repair, parts sales, collision repair, and automotive financing and insurance products. Group 1’s business also includes manufacturer-authorized service operations and parts departments that support customers throughout vehicle ownership.