HOUSTON, Feb. 12,
2025 /PRNewswire/ -- Group 1 Automotive, Inc.
(NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250
automotive retailer with 258 dealerships located in the U.S. and
U.K., today announced its board of directors has approved an
increase in the 2025 annual dividend rate to $2.00 per share. This represents an
increase of 6%, or $0.12, from the
2024 annual dividend rate of $1.88
per share. Consistent with this increase, a $0.50 dividend per share will be payable on
March 17, 2025, to stockholders of
record as of March 3, 2025.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns
and operates 258 automotive dealerships, 330
franchises, and 39 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,
and www.facebook.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, Financial Services and Manufacturer
Relations
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com
Kimberly Barta
Head of Marketing and Communications
Group 1 Automotive, Inc.
kbarta@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223
cwoods@piercom.com
View original
content:https://www.prnewswire.com/news-releases/group-1-automotive-board-approves-increase-to-2025-dividend-rate-and-declares-quarterly-dividend-302375003.html
SOURCE Group 1 Automotive, Inc.
