By Colin Kellaher
Lithia Motors' board has raised the auto retailer's quarterly dividend by 3.8%, to 55 cents from 53 cents.
The new payout, equal to $2.20 a year, represents an annual yield of about 0.74%, based on Tuesday's closing price of $295.45, up from 0.72%.
The Medford, Ore., company on Wednesday said the increased dividend is payable May 23 to shareholders of record May 9.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 23, 2025 06:50 ET (10:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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