Group 1 Automotive Inc. approved the company's first quarterly dividend late last week. The public dealership group plans to pay 14 cents a share Sept. 15 to shareholders who own stock as of Sept. 1.
Group 1, of Houston, is the fifth of the six largest publicly held U.S. auto retailers to pay quarterly dividends. It ranks No. 4 on the Automotive News list of the top 100 U.S. dealership groups, with 126,108 new vehicles sold in 2005.
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