Sonic Automotive, Inc. (SAH) To Go Ex-Dividend on September 15th

Sonic Automotive, Inc. (NYSE:SAH) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.41 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 15th.

Sonic Automotive has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Sonic Automotive has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sonic Automotive to earn $7.52 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 21.8%.

Sonic Automotive Stock Performance

Sonic Automotive stock opened at $76.03 on Friday. Sonic Automotive has a fifty-two week low of $54.11 and a fifty-two week high of $113.67. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.22 and a beta of 0.86. The stock has a fifty day moving average of $86.68 and a two-hundred day moving average of $77.70. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.25 and a current ratio of 1.01.

Sonic Automotive (NYSE:SAH) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.78 billion. Sonic Automotive had a return on equity of 20.75% and a net margin of 1.37%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.19 earnings per share. On average, analysts anticipate that Sonic Automotive will post 6.92 EPS for the current fiscal year.

Sonic Automotive Company Profile

Sonic Automotive, Inc is an automotive retailer headquartered in Charlotte, North Carolina. The company operates franchised dealerships that sell new and pre-owned vehicles from a range of automobile manufacturers, along with replacement parts, vehicle maintenance and repair services, financing, insurance products and other related offerings.

Sonic also operates EchoPark Automotive, a retail platform focused primarily on high-quality pre-owned vehicles. Through its dealership and EchoPark operations, the company provides vehicle purchasing, trade-in, financing and service options to consumers.

Founded in 1997, Sonic Automotive serves customers through locations across the United States.