Sonic Automotive, Inc. (NYSE:SAH) announced a quarterly dividend on Friday, July 28th, RTT News reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.05 per share on Friday, October 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 14th.

Sonic Automotive has raised its dividend payment by an average of 35.7% per year over the last three years. Sonic Automotive has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sonic Automotive to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.2%.

Shares of Sonic Automotive (NYSE SAH) opened at 18.35 on Wednesday. The firm has a 50 day moving average of $17.47 and a 200 day moving average of $19.00. The firm has a market cap of $804.85 million, a price-to-earnings ratio of 12.35 and a beta of 1.50. Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $27.45.

Sonic Automotive (NYSE:SAH) last released its quarterly earnings results on Friday, July 28th. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.06). The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.44 billion. Sonic Automotive had a net margin of 0.69% and a return on equity of 11.14%. Sonic Automotive’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Equities analysts predict that Sonic Automotive will post $1.86 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on SAH shares. TheStreet lowered shares of Sonic Automotive from a “b” rating to a “c+” rating in a research report on Tuesday, May 30th. BidaskClub lowered shares of Sonic Automotive from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. ValuEngine lowered shares of Sonic Automotive from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $22.00 target price on shares of Sonic Automotive in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Sonic Automotive has an average rating of “Hold” and an average target price of $21.75.

About Sonic Automotive

Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.

Dividend History for Sonic Automotive (NYSE:SAH)

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