CHARLOTTE, N.C., Feb. 21 /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 March 15, 2006. The dividend will be payable
April 15, 2006.
Sonic Automotive, Inc., a Fortune 300 company based in Charlotte, N.C., is
one of the largest automotive retailers in the United States operating 177
franchises and 38 collision repair centers. Sonic can be reached on the Web
at http://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 risk 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 Exhibit 99.2 to the Company's Current Report on Form
8-K dated November 3, 2005. The Company does not undertake any obligation to
update forward-looking information.
SOURCE Sonic Automotive, Inc.
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Related links:
http://www.sonicautomotive.com
Company News On-Call:
http://www.prnewswire.com/comp/125546.html
CONTACT:
Jeffrey C. Rachor, President and Chief
Operating Officer, +1-704-566-2400, or J. Todd Atenhan, Investor
Relations, +1-888-766-4218, both of Sonic Automotive, Inc.
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