Lithia & Driveway Increases Quarterly Dividend to $0.75 Per Share
Lithia & Driveway (LAD) has announced a 7.1% increase in its quarterly dividend, raising the payout from $0.70 to $0.75 per share. This move follows recent performance reports indicating record topline results and earnings that exceeded market estimates during the third quarter. The dividend is scheduled to be paid on November 20, with a record date of November 6. Shareholders must hold stock prior to the ex-dividend date on November 6 to qualify for the increased payment. The current forward dividend yield stands at approximately 1.02%.
Tickers: $LAD
Topics: dividend increase earnings report quarterly dividend
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