Auto retailer Group 1 Automotive Inc. raised its quarterly cash dividend for the second time this year, by 1 cent per share to 25 cents per share.
The cash dividend is payable Dec. 15 to stockholders of record as of Dec. 1., Group 1 said Thursday. It raised the dividend 1 cent a share on Feb. 15, payable March 15.
Group 1, of Houston, ranks No. 3 on Automotive News' list of the top 150 dealership groups based in the U.S., with new-vehicle retail sales of 172,053 in 2016.