Group 1 Automotive (GPI) Reinstates Dividend

Group 1 Automotive, Inc. (NYSE: GPI) declared a cash dividend of $0.10 per share for the third quarter of 2010. The dividend will be paid on Dec. 15, 2010, to stockholders of record on Dec. 1, 2010. "We are pleased to be able to reward our shareholders by reinstating a dividend," said Earl J. Hesterberg, Group 1's president and chief executive officer. "After suspending the dividend due to the economic uncertainty in February of 2009, we now feel that the economy is gaining strength and, based on Group 1's operational results over the last several quarters, we are confident about the continuing recovery of the automotive retailing industry."... Read more

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