Lithia Motors (LAD) Raises Quarterly Dividend 3.4% to $0.30; 1.2% Yield

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Go back to Lithia Motors (LAD) Raises Quarterly Dividend 3.4% to $0.30; 1.2% Yield

Lithia Reports Record First Quarter 2019 Results; Increases Earnings Per Share 17 %

April 24, 2019 7:00 AM EDT

Declares Dividend of $0.30 Per Share for First Quarter

MEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today reported the highest first quarter revenue and earnings per share in company history.

First quarter 2019 revenue increased 7% to a record $2.8 billion from $2.7 billion in the first quarter of 2018.

First quarter 2019 net income per diluted share was $2.42, a 17 % increase over $2.07 per diluted share reported in the first quarter of 2018. Adjusted first quarter 2019 net income per diluted share was $2.44, an 18% increase compared to net income of $2.07 per diluted share in the... More