CHARLOTTE, N.C., July 31 /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 September 15, 2007. The
dividend will be payable October 15, 2007.
Sonic Automotive, Inc., a Fortune 300 company based in Charlotte, N.C.,
is one of the largest automotive retailers in the United States operating
173 franchises and 37 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 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 March 31, 2007. 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/
CONTACT:
David Cosper, Chief Financial Officer,
+1-704-566-2400; or Greg Young, Chief Accounting Officer/Investor
Relations, +1-704-566-2489, both of Sonic Automotive, Inc.
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