At the end of today, November 17, 2023, Lithia Motors (NYSE:LAD) will distribute a dividend payout of $0.50 per share, translating to an annualized dividend yield of 0.80%. Shareholders who held the stock before the ex-dividend date on November 09, 2023 will benefit from this payout.
Lithia Motors Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-09 | 4 | $0.5 | 0.8% | 2023-10-25 | 2023-11-10 | 2023-11-17 |
| 2023-08-10 | 4 | $0.5 | 0.68% | 2023-07-26 | 2023-08-11 | 2023-08-25 |
| 2023-05-11 | 4 | $0.5 | 0.88% | 2023-04-19 | 2023-05-12 | 2023-05-26 |
| 2023-03-09 | 4 | $0.42 | 0.6% | 2023-02-15 | 2023-03-10 | 2023-03-24 |
| 2022-11-09 | 4 | $0.42 | 0.81% | 2022-10-19 | 2022-11-11 | 2022-11-18 |
| 2022-08-11 | 4 | $0.42 | 0.57% | 2022-07-20 | 2022-08-12 | 2022-08-26 |
| 2022-05-12 | 4 | $0.42 | 0.54% | 2022-04-20 | 2022-05-13 | 2022-05-27 |
| 2022-03-10 | 4 | $0.35 | 0.47% | 2022-02-09 | 2022-03-11 | 2022-03-25 |
| 2021-11-10 | 4 | $0.35 | 0.41% | 2021-10-20 | 2021-11-12 | 2021-11-19 |
| 2021-08-12 | 4 | $0.35 | 0.39% | 2021-07-21 | 2021-08-13 | 2021-08-27 |
| 2021-05-06 | 4 | $0.35 | 0.37% | 2021-04-21 | 2021-05-07 | 2021-05-21 |
| 2021-03-11 | 4 | $0.31 | 0.37% | 2021-02-03 | 2021-03-12 | 2021-03-26 |
When comparing Lithia Motors's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Monro (NASDAQ:MNRO) having the highest annualized dividend yield at 3.97%.
Analyzing Lithia Motors Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.19 in 2019 to $1.61 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Lithia Motors
The earnings chart above shows that from 2019 to 2022, Lithia Motors has experienced an increase in their earnings from $11.35 per share to $46.61 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article provides an in-depth analysis of Lithia Motors's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.50 per share, resulting in an annualized dividend yield of 0.80%.
When comparing Lithia Motors's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Monro having the highest annualized dividend yield at 3.97%.
Given that Lithia Motors has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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