Sonic Automotive stock dividend – Sonic Automotive announces increased dividend payment for shareholders

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Sonic Automotive ($NYSE:SAH), Inc. is one of the largest automotive retailers in the United States. Sonic Automotive is a publicly traded company, and its shares are listed on the Nasdaq stock exchange. The company has announced that its shareholders will receive a increased dividend payment this year of $0.28 per share. The company’s increased dividend payout is a sign of confidence in its future prospects.

Sonic Automotive has been performing well recently, and its stock price has been rising. The company is expecting strong results for the rest of the year.

Dividends – Sonic Automotive stock dividend

Sonic Automotive Inc. announced today that it will be increasing its dividend payment to shareholders for the fiscal year 2022, with a dividend per share of 0.87 USD as of September 30. This is compared to the dividends of 0.46 USD and 0.4 USD that were issued last year. Sonic Automotive’s dividend yields for the years 2020 to 2022 are 1.24%, 0.94%, and 1.87%. The company’s three-year average dividend yield is 1.35%.

Price History

This news was well-received by the market, and SONC stock opened at $46.2 and closed at $45.2, up by 0.7% from the previous day’s close of $44.9. This increase in the dividend payment is a sign of Sonic Automotive‘s continued strong financial performance. The company has been consistently profitable in recent years, and this increased dividend is a way of sharing that success with shareholders. Sonic Automotive is one of the largest automotive retailers in the United States, and its continued growth is good news for investors.

VI Analysis

A company’s fundamentals are a reflection of its long term potential. The VI app makes analyzing a company’s fundamentals easy. The VI Star Chart shows that SONIC AUTOMOTIVE has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. SONIC AUTOMOTIVE is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage.

Investors interested in companies with strong fundamentals and growth potential would do well to consider SONIC AUTOMOTIVE. The company is strong in dividend and growth, and medium in asset and profitability.

VI 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

Investing in Sonic Automotive could be a good idea for those looking for exposure to the automotive sector. Sonic Automotive also has a strong presence in the used car market with its Sonic Used Cars division. The company has been able to post strong financial results in recent years, thanks in part to its focus on customer satisfaction. Sonic Automotive has been ranked as one of the top 10 most trusted automotive brands by Consumer Reports. Despite these accolades, Sonic Automotive’s stock price has been under pressure in recent years due to concerns about the future of the automotive sector.

However, with the U.S. economy continuing to strengthen, and used car prices still near historically high levels, Sonic Automotive could be a good long-term investment.