secwatch.observer — SEC 8-K summary
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Issuer:     GROUP 1 AUTOMOTIVE INC (GPI)
CIK:        0001031203
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001031203-24-000075
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031203/000103120324000075/0001031203-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031203/000103120324000075/gpi-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001031203-24-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer