Sonic Automotive stock dividend – Sonic Automotive Announces 0.28 Cash Dividend

Dividends Yield

On March 1 2023, Sonic Automotive ($NYSE:SAH) announced a 0.28 cash dividend for the upcoming year. This dividend marks their fourth consecutive year of dividend payments, with a consistent yield of 2.23%. Sonic Automotive has paid an annual dividend of 1.03 USD per share for each of the past three years and is expected to continue this trend in the upcoming year. For those investors looking for a reliable source of dividend income, Sonic Automotive may be an option to consider.

The ex-dividend date is set for March 14, 2023, so be sure to purchase your shares on or before that date to be eligible for the dividend payout. Overall, Sonic Automotive has established a track record of providing a steady dividend yield to its investors and remains a viable option for those looking to diversify their portfolios with a reliable dividend-paying stock. With the current dividend yield of 2.23%, Sonic Automotive continues to be an attractive option for investors seeking steady income and long-term capital appreciation.

Share Price

Following the news, Sonic Automotive‘s stock opened at $56.6 and closed at $57.8, a 1.6% increase from the previous closing price of $56.9. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sonic Automotive. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sonic Automotive. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sonic Automotive. More…

Key Ratios Snapshot

Some of the financial key ratios for Sonic Automotive are shown below. More…

Analysis

At GoodWhale, we were excited to analyze SONIC AUTOMOTIVE‘s financials. After our review, we determined that their risk level based on financials and business aspects was classified as medium. In addition to this, we detected two risk warnings specifically in the income sheet, which were not related to finances. To further assess these risk warnings and to get a more comprehensive view of SONIC AUTOMOTIVE’s financial health, be sure to register on goodwhale.com and check out our analysis. More…

Peers

The company operates in a highly competitive industry with several large competitors, including Asbury Automotive Group Inc, Lithia Motors Inc, Penske Automotive Group Inc. Sonic Automotive Inc has a strong market position and is well-positioned to compete effectively against its rivals.

– Asbury Automotive Group Inc ($NYSE:ABG)

Asbury Automotive Group Inc is a large publicly traded company that operates in the automotive retailing industry. The company has a market capitalization of 3.9 billion as of 2022 and a return on equity of 31.39%. Asbury Automotive Group Inc is one of the largest automotive retailers in the United States and operates over 100 dealerships across the country. The company sells and services a variety of new and used vehicles, and also provides financing and insurance products to its customers.

– Lithia Motors Inc ($NYSE:LAD)

Lithia Motors Inc is an American automotive retailer. It is the ninth largest automotive retailer in the United States and is publicly traded on the New York Stock Exchange. The company operates through three segments: Domestic, Import, and Luxury. Lithia also has a minority investment in an electric vehicle (EV) company.

Lithia’s market cap is 6.48B as of 2022. The company has a Return on Equity of 26.55%. Lithia Motors Inc is an American automotive retailer. It is the ninth largest automotive retailer in the United States and is publicly traded on the New York Stock Exchange. The company operates through three segments: Domestic, Import, and Luxury. Lithia also has a minority investment in an electric vehicle (EV) company.

– Penske Automotive Group Inc ($NYSE:PAG)

Penske Automotive Group is an American multinational automotive retailing company headquartered in Bloomfield Hills, Michigan. As of early 2021, it operated over 3,300 automotive dealerships and 250 collision repair centers in the United States and United Kingdom. Penske Automotive Group is a Fortune 500 company with revenue of $19.6 billion as of 2020. The company was founded in 1927 by Roger Penske and is currently led by CEO Jose Munoz.

Summary

Investors looking to invest in SONIC AUTOMOTIVE may be interested to know that the company has consistently paid an annual dividend of 1.03 USD per share over the past three years, with a dividend yield of 2.23%. Furthermore, the average dividend yield for the period has also been 2.23%. This could make SONIC AUTOMOTIVE an attractive investment option for those looking for stable returns. Investors should however keep in mind that past performance is not a guarantee of future returns, and should research the company further before making any decisions.