Group 1 Automotive boosts buyback authorization $333M to $500M; declares $0.47 dividend

GROUP 1 AUTOMOTIVE INC

Board increased share repurchase authorization by $333M to $500M. YTD 2024 spent $138M at avg $298.49 per share.
Quarterly dividend of $0.47 declared, payable Dec 16, 2024 to holders of record Dec 2, 2024.
Annualized dividend rate increased 4% from $1.80 in 2023 to $1.88 in 2024 (previously announced).
Repurchases will be funded by cash from operations and shares held in treasury.

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