Sonic Automotive, Inc. Declares Quarterly Cash Dividend
CHARLOTTE, N.C., Oct. 28 /PRNewswire-FirstCall/ -- Sonic Automotive, Inc.
(NYSE: SAH), a leader in automotive retailing, today announced that its Board
of Directors approved a quarterly dividend of $0.12 per share payable in cash
for shareholders of record on December 15, 2008. The dividend will be payable
January 15, 2009.
Sonic Automotive, Inc., a Fortune 300 company based in Charlotte, N.C., is
one of the largest automotive retailers in the United States operating 169
franchises. Sonic can be reached on the web at www.sonicautomotive.com.
Included herein is a forward-looking statement pertaining to an
anticipated cash dividend to shareholders. There are many factors that affect
management's views about future events and trends of the Company's business.
These factors involve risks and uncertainties that could cause actual results
or trends to differ materially from management's view, including without
limitation, economic conditions, risks associated with acquisitions and the
risk factors described in the Company's quarterly report on Form 10-Q for the
quarter ended June 30, 2008. The Company does not undertake any obligation to
update forward-looking information.
