The new dividend rate, which equates to an annual yield of approximately 1% based on Tuesday's closing price of $299.53, marks a slight increase from the previous 0.93% yield. The company confirmed that the higher disbursement is scheduled for payment on November 20. To qualify for the distribution, investors must be on the company's books as shareholders of record by November 6.
Lithia Motors Lifts Quarterly Payout to 75 Cents
Lithia Motors shareholders will see a 7.1% increase in their quarterly dividend, with the Medford-based auto retailer raising the payout from 70 cents to 75 cents per share. This adjustment brings the company's annual dividend commitment to $3, reflecting a modest uptick in yield for investors.
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