CHARLOTTE, N.C., Oct. 28, 2015 /PRNewswire/ -- Sonic Automotive,
Inc. (NYSE: SAH), a leader in automotive retailing, today announced
that its Board of Directors approved a quarterly dividend of
$0.0375 per share payable in cash for
stockholders of record on December
15, 2015. The dividend will be payable on January 15, 2016. B. Scott Smith, Sonic's Chief Executive Officer
stated, "This 50% increase in the dividend demonstrates our
commitment to return capital to shareholders and our continued
confidence in operations and prospects for growth."
Sonic Automotive, Inc., a Fortune 500 company based in
Charlotte, N.C., is one of the
nation's largest automotive retailers. Sonic can be reached
on the web at www.sonicautomotive.com.
Included herein is a forward-looking statement pertaining to an
anticipated cash dividend to shareholders. There are many factors
that affect management's views about future events and trends of
the Company's business. These factors involve risk and
uncertainties that could cause actual results or trends to differ
materially from management's view, including without limitation,
economic conditions in the markets in which we operate, new and
used vehicle sales volume, the success of our operational
strategies and the risk factors described in the Company's annual
report on Form 10-K for the year ending December 31, 2014. The Company does not
undertake any obligation to update forward-looking information.
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SOURCE Sonic Automotive, Inc.