Dividend Update: Sonic Automotive's Upcoming Ex-Dividend Date on Jun 13, 2025

Sonic Automotive has announced a cash dividend of $0.350 per share, with the ex-dividend date scheduled for Jun 13, 2025, and the payment date set for Jul 15, 2025. The dividend was announced on Apr 24, 2025. This latest dividend is considerably higher compared to the average dividend of $0.110 per share from the last ten distributions. Previously, on Apr 15, 2025, the company paid a similar cash dividend of $0.350 per share. This consistency in dividend payments reflects the company's stable financial health and commitment to returning value to its shareholders.

Recently, Sonic Automotive's market performance and strategic movements have been noteworthy. Over the past week, there have been several impactful events concerning the company. Firstly, analysts have maintained a positive outlook on Sonic Automotive, with a key analyst adjusting the target price from $74 to $80, citing strong financial fundamentals as a driving force behind this optimistic forecast. Additionally, the company has experienced significant trading activity, with shares trading up by 2.2%, reaching $73.09, showcasing investor confidence in the company's prospects. In a separate event, Jeff Dyke, a key executive, sold 576 shares at an average price of $70.03, resulting in a transaction worth $1,150,873, providing insights into insider sentiment and activity. These developments underscore Sonic Automotive's robust market position and the strategic decisions taken by its leadership.

In conclusion, Sonic Automotive continues to demonstrate a stable dividend policy and strong market performance. The upcoming ex-dividend date on Jun 13, 2025, marks the last day for investors to purchase shares and qualify for the current dividend payout. Purchases made after this date will not be eligible for the dividend distribution.