Group 1 Automotive Board Declares Quarterly Dividend and the Company Provides Share Repurchase Update
1. GPI declared a quarterly dividend of $0.50 per share. 2. Annualized dividend rate increases from $1.88 to $2.00 by 2025. 3. GPI repurchased 447,373 shares at an average price of $416.60. 4. $290 million remains for further stock repurchase authorization. 5. GPI operates 259 dealerships across the U.S. and U.K.