Lithia Motors, Inc. (LAD) To Go Ex-Dividend on November 6th

Lithia Motors, Inc. (NYSE:LAD) announced a quarterly dividend on Monday, October 19th. Investors of record on Friday, November 6th will be given a dividend of $0.75 per share on Friday, November 20th. This represents a $3.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 6th. This is a 7.1% increase from Lithia Motors’s previous quarterly dividend of $0.70.

Lithia Motors has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Lithia Motors has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lithia Motors to earn $40.12 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 7.5%.

Lithia Motors Stock Down 3.5%

NYSE LAD opened at $298.87 on Wednesday. Lithia Motors has a 12 month low of $239.78 and a 12 month high of $439.49. The company’s 50 day simple moving average is $319.73 and its 200 day simple moving average is $307.60. The company has a market capitalization of $6.57 billion, a P/E ratio of 8.60, a PEG ratio of 0.71 and a beta of 1.30. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.21.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $10.34 EPS for the quarter, beating analysts’ consensus estimates of $9.70 by $0.64. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.75 billion. Lithia Motors had a net margin of 2.06% and a return on equity of 12.05%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $9.50 earnings per share. Equities research analysts expect that Lithia Motors will post 35.78 earnings per share for the current fiscal year.

About Lithia Motors

Lithia Motors, Inc is an automotive retailer headquartered in Medford, Oregon. Operating under the Lithia & Driveway name, the company sells new and used vehicles through a network of franchised dealerships and digital retail channels. Its dealerships represent a broad range of domestic, Asian and European automotive brands.

In addition to vehicle sales, Lithia provides related services including vehicle financing and insurance products, parts and maintenance, collision repair, and other after-sales support.