Lithia Motors, Inc. (NYSE:LAD) declared quarterly dividend of $ 0.31 per share, or $ 1.24 annualized.
The dividend will be payable on August 28, 2020, to stockholders of record on August 14, 2020, with an ex-dividend date of August 13, 2020.
Dividends History
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Recent Earnings Announcement
Lithia Motors, Inc. announced income for the second quarter of $ 3.38 per share, from the revenue of $ 2,758.60 million, On adjusted basis, LAD reported income for the quarter of $ 3.72 per share. The quarterly earnings grew 28.52 percent while revenues lowered 14.37 percent compared with the same quarter last year. Street analysts expected Lithia Motors, Inc. to report income of $ 1.54 per share on revenue of $ 2415.81 million for the second quarter. The bottom line results beat street analysts by $ 2.18 or 141.56 percent, at the same time, top line results outshined analysts by $ 342.79 million or 14.19 percent.
Stock Performance
According to the previous trading day, closing price of LAD was $ 174.79, representing a 213.58 % increase from the 52 week low of $ 55.74 and a 16.73 % decrease over the 52 week high of $ 209.92.
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The company has a market capital of $ 4.66 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury.
