HOUSTON, Aug. 8,
2024 /PRNewswire/ -- Group 1 Automotive, Inc.
(NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250
automotive retailer with 260 dealerships located in the U.S. and
U.K., today announced its board of directors declared a quarterly
dividend of $0.47 per share.
The dividend is consistent with the Company's previously announced
increase of 4% in its annualized dividend rate from $1.80 per share in 2023 to $1.88 per share in 2024.
The dividend is payable on September 16,
2024 to stockholders of record as of September 2, 2024.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns
and operates 260 automotive dealerships, 337
franchises, and 45 collision centers in the United States and the United Kingdom that offer 35 brands of
automobiles. Through its dealerships and
omni-channel platform, the Company sells new and used cars and
light trucks; arranges related vehicle financing; sells service and
insurance contracts; provides automotive maintenance and repair
services; and sells vehicle parts.
Group 1 discloses additional information about the Company,
its business, and its results of operations at www.group1corp.com,
www.group1auto.com, www.group1collision.com, www.acceleride.com,
www.facebook.com/group1auto, and
www.twitter.com/group1auto.
FORWARD-LOOKING STATEMENTS
All statements in this press release related to future, not
past, events are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, which are
based on our current expectations and assumptions regarding our
business, the economy and other future conditions. While management
believes that these forward-looking statements are reasonable as
and when made, there can be no assurance that future developments
affecting us will be those that we anticipate. Any such
forward-looking statements are not assurances of future performance
and involve risks and uncertainties that may cause actual results
to differ materially from those set forth in the statements. For
additional information regarding known material factors that could
cause our actual results to differ from our projected results,
please see our filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K. Readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only as of the date hereof. We undertake no obligation to publicly
update or revise any forward-looking statements after the date they
are made, whether as a result of new information, future events or
otherwise.
Investor contacts:
Terry
Bratton
Manager, Investor Relations
Group 1 Automotive, Inc.
ir@group1auto.com
Media contacts:
Pete
DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services
and Public Affairs
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223
cwoods@piercom.com
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SOURCE Group 1 Automotive, Inc.