Group 1 Automotive's Board Increases Share Repurchase Plan; Maintains Dividend

MT Newswires Live11-13 18:30

Group 1 Automotive (GPI) said late Tuesday its board has increased its share repurchase authorization to $500 million from $333 million.

Repurchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations.

Meanwhile, the company maintained its quarterly dividend at $0.47 per share, payable Dec. 16 to shareholders of record on Dec. 2.

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