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Ex-Dividend Reminder: Group 1 Automotive, Sinclair Broadcast Group and Interpublic Group of Companies

Looking at the universe of stocks we cover at Dividend Channel , on 2/27/17, Group 1 Automotive, Inc. (Symbol: GPI), Sinclair Broadcast Group, Inc. (Symbol: SBGI), and Interpublic Group of Companies Inc. (Symbol: IPG) will all trade ex-dividend for their respective upcoming dividends. Group 1 Automotive, Inc. will pay its quarterly dividend of $0.24 on 3/15/17, Sinclair Broadcast Group, Inc. will pay its quarterly dividend of $0.18 on 3/15/17, and Interpublic Group of Companies Inc. will pay its quarterly dividend of $0.18 on 3/15/17. As a percentage of GPI's recent stock price of $81.70, this dividend works out to approximately 0.29%, so look for shares of Group 1 Automotive, Inc. to trade 0.29% lower - all else being equal - when GPI shares open for trading on 2/27/17. Similarly, investors should look for SBGI to open 0.45% lower in price and for IPG to open 0.73% lower, all else being equal.

Below are dividend history charts for GPI, SBGI, and IPG, showing historical dividends prior to the most recent ones declared.

Group 1 Automotive, Inc. (Symbol: GPI) :

GPI+Dividend+History+Chart

Sinclair Broadcast Group, Inc. (Symbol: SBGI) :

SBGI+Dividend+History+Chart

Interpublic Group of Companies Inc. (Symbol: IPG) :

IPG+Dividend+History+Chart

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.18% for Group 1 Automotive, Inc., 1.80% for Sinclair Broadcast Group, Inc., and 2.93% for Interpublic Group of Companies Inc..

In Thursday trading, Group 1 Automotive, Inc. shares are currently trading flat, Sinclair Broadcast Group, Inc. shares are up about 3.6%, and Interpublic Group of Companies Inc. shares are off about 0.3% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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