Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.
Sonic Automotive Dividend Announcement
• Sonic Automotive announced a quarterly dividend of $0.35 per ordinary share which will be made payable on 2025-01-15. Ex dividend date: 2024-12-13
• Sonic Automotive annual dividend for 2024 was $1.25
• Sonic Automotive annual dividend for 2023 was $1.16
• Sonic Automotive's trailing twelve-month (TTM) dividend yield is 1.76%
• Sonic Automotive's payout ratio for the trailing twelve months (TTM) is 20.60%
• Sonic Automotive's dividend growth over the last five years (2018-2023) was 37.04% year
• Sonic Automotive's dividend growth over the last ten years (2013-2023) was 27.77% year
Sonic Automotive Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.35 | quarterly | 2025-01-15 |
2024-09-13 | $0.30 | quarterly | 2024-10-15 |
2024-06-14 | $0.30 | quarterly | 2024-07-15 |
2024-03-14 | $0.30 | quarterly | 2024-04-15 |
2023-12-14 | $0.30 | quarterly | 2024-01-12 |
2023-09-14 | $0.29 | quarterly | 2023-10-13 |
2023-06-14 | $0.29 | quarterly | 2023-07-14 |
2023-03-14 | $0.28 | quarterly | 2023-04-14 |
2022-12-14 | $0.28 | quarterly | 2023-01-13 |
2022-09-14 | $0.25 | quarterly | 2022-10-14 |
2022-06-14 | $0.25 | quarterly | 2022-07-15 |
2022-03-14 | $0.25 | quarterly | 2022-04-14 |
2021-12-14 | $0.12 | quarterly | 2022-01-14 |
2021-09-14 | $0.12 | quarterly | 2021-10-15 |
2021-06-14 | $0.12 | quarterly | 2021-07-15 |
2021-03-12 | $0.10 | quarterly | 2021-04-15 |
2020-12-14 | $0.10 | quarterly | 2021-01-15 |
2020-09-14 | $0.10 | quarterly | 2020-10-15 |
2020-06-12 | $0.10 | quarterly | 2020-07-15 |
2020-03-12 | $0.10 | quarterly | 2020-04-15 |
2019-12-12 | $0.10 | quarterly | 2020-01-15 |
2019-09-12 | $0.10 | quarterly | 2019-10-15 |
2019-06-13 | $0.10 | quarterly | 2019-07-15 |
2019-03-14 | $0.10 | quarterly | 2019-04-15 |
2018-12-13 | $0.06 | quarterly | 2019-01-15 |
2018-09-13 | $0.06 | quarterly | 2018-10-15 |
2018-06-14 | $0.06 | quarterly | 2018-07-13 |
2018-03-14 | $0.06 | quarterly | 2018-04-13 |
2017-12-14 | $0.05 | quarterly | 2018-01-12 |
2017-09-14 | $0.05 | quarterly | 2017-10-13 |
2017-06-13 | $0.05 | quarterly | 2017-07-14 |
2017-03-13 | $0.05 | quarterly | 2017-04-14 |
2016-12-13 | $0.05 | quarterly | 2017-01-13 |
2016-09-13 | $0.05 | quarterly | 2016-10-14 |
2016-06-13 | $0.05 | quarterly | 2016-07-15 |
2016-03-11 | $0.05 | quarterly | 2016-04-15 |
2015-12-11 | $0.04 | quarterly | 2016-01-15 |
2015-09-11 | $0.03 | quarterly | 2015-10-15 |
2015-06-11 | $0.03 | quarterly | 2015-07-15 |
2015-03-11 | $0.03 | quarterly | 2015-04-15 |
2014-12-11 | $0.03 | quarterly | 2015-01-15 |
2014-09-11 | $0.03 | quarterly | 2014-10-15 |
2014-06-11 | $0.03 | quarterly | 2014-07-15 |
2014-03-12 | $0.03 | quarterly | 2014-04-15 |
2013-12-11 | $0.03 | quarterly | 2014-01-15 |
2013-09-11 | $0.03 | quarterly | 2013-10-15 |
2013-06-12 | $0.03 | quarterly | 2013-07-15 |
2013-03-13 | $0.03 | quarterly | 2013-04-15 |
Sonic Automotive Dividend per year
Sonic Automotive Dividend growth
Sonic Automotive Dividend Yield
Sonic Automotive current trailing twelve-month (TTM) dividend yield is 1.76%. Interested in purchasing Sonic Automotive stock? Use our calculator to estimate your expected dividend yield:
Sonic Automotive Financial Ratios
Sonic Automotive Dividend FAQ
Other factors to consider when evaluating Sonic Automotive as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Sonic Automotive's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sonic Automotive publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sonic Automotive distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sonic Automotive are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Sonic Automotive sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sonic Automotive distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sonic Automotive declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Sonic Automotive's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sonic Automotive's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.