Lithia Motors (LAD) Raises Quarterly Dividend 8% to $0.27; 1.3% Yield
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Lithia Reports Record First Quarter 2017 Results
April 19, 2017 6:59 AM EDTIncreases Dividend to $0.27 Per Share
MEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today reported the highest first quarter revenue and earnings per share in company history.
First quarter 2017 unadjusted net income per diluted share increased 30% to $2.01 from $1.55 for the first quarter of 2016. Adjusted net income per diluted share increased 15% to $1.78 from $1.55 for the same period in 2016. First quarter 2017 unadjusted net income increased 26% to $50.7 million from $40.3 million for the first quarter of 2016. Adjusted net income increased 12% to $45.0 million compared to first quarter 2016 adjusted net income of $40.4 million.
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