Lithia Motors, Inc. (NYSE:LAD) today announced that the Board of
Directors has approved a dividend of $0.05 per share for the third
quarter of 2008. Lithia will pay the dividend October 29th
to shareholders of record on October 15th, 2008.
Last quarter’s dividend was $0.14 per share
and it has been reduced to reflect the current economic environment.
About Lithia
Lithia Motors, Inc. is a Fortune 700 Company, selling 28 brands of new
and all brands of used vehicles at 106 stores, which are located in 46
markets within 15 states. Internet sales are centralized at www.Lithia.com,
or through www.L2Auto.com. Lithia
also sells used vehicles; arranges finance, warranty, and credit
insurance contracts; and provides vehicle parts, maintenance, and repair
services at all of its locations. Lithia retailed 105,108 new and used
vehicles and had $3.22 billion in total revenue in 2007.
Additional Information
For additional information on Lithia Motors, contact the Investor
Relations Department: 541-618-5770 or log-on to: www.lithia.com
- go
to Investor Relations.
Lithia Motors, Inc.
Investor Relations Department, 541-618-5770
