Group 1 Automotive Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
By the close of today, March 15, 2024, Group 1 Automotive (NYSE:GPI) will issue a dividend payout of $0.47 per share, resulting in an annualized dividend yield of 0.68%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 29, 2024.
Group 1 Automotive Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-29 | 4 | $0.47 | 0.68% | 2024-02-12 | 2024-03-01 | 2024-03-15 |
| 2023-11-30 | 4 | $0.45 | 0.63% | 2023-11-15 | 2023-12-01 | 2023-12-15 |
| 2023-08-31 | 4 | $0.45 | 0.69% | 2023-08-02 | 2023-09-01 | 2023-09-15 |
| 2023-05-31 | 4 | $0.45 | 0.83% | 2023-05-17 | 2023-06-01 | 2023-06-15 |
| 2023-02-28 | 4 | $0.45 | 0.79% | 2023-02-14 | 2023-03-01 | 2023-03-15 |
| 2022-11-30 | 4 | $0.39 | 0.82% | 2022-11-16 | 2022-12-01 | 2022-12-15 |
| 2022-08-31 | 4 | $0.38 | 0.82% | 2022-08-16 | 2022-09-01 | 2022-09-15 |
| 2022-05-31 | 4 | $0.37 | 0.79% | 2022-05-18 | 2022-06-01 | 2022-06-15 |
| 2022-02-28 | 4 | $0.36 | 0.81% | 2022-02-16 | 2022-03-01 | 2022-03-15 |
| 2021-11-30 | 4 | $0.35 | 0.66% | 2021-11-17 | 2021-12-01 | 2021-12-15 |
| 2021-08-31 | 4 | $0.34 | 0.78% | 2021-08-17 | 2021-09-01 | 2021-09-15 |
| 2021-05-28 | 4 | $0.33 | 0.79% | 2021-05-11 | 2021-06-01 | 2021-06-15 |
With a dividend yield that places it neither at the top nor the bottom, Group 1 Automotive finds itself in the middle among its industry peers, while Monro (NASDAQ:MNRO) boasts the highest annualized dividend yield at 3.94%.
Analyzing Group 1 Automotive Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2021 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.33 in 2021 to $1.80 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Group 1 Automotive
From 2021 to 2023, Group 1 Automotive experienced a growth in earnings per share, with an increase from $15.41 to $45.59. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Group 1 Automotive and its implications for shareholders. Presently, the company is distributing a dividend of $0.47 per share, leading to an annualized dividend yield of 0.68%.
With a dividend yield that places it neither at the top nor the bottom, Group 1 Automotive finds itself in the middle among its industry peers, while Monro boasts the highest annualized dividend yield at 3.94%.
The upward trend in dividend per share and earnings per share for Group 1 Automotive from 2021 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.