Share “KAR Auction Services declares dividend of...”

KAR Auction Services declares dividend of 19 cents

Published on NewsOK Modified: November 30, 2012 at 6:59 am •  Published: November 30, 2012
Advertisement

CARMEL, Ind. (AP) — KAR Auction Services Inc. is declaring its first ever quarterly dividend of 19 cents per share.

The company said Friday that the dividend will be paid on Dec. 28 to shareholders of record on Dec. 19.

KAR is the holding company of ADESA Inc., Insurance Auto Auctions Inc. and Automotive Finance Corp. ADESA is a wholesale used vehicle auctions provider, while Insurance Auto Auctions is a salvage vehicle auction company. Automotive Finance offers financing to independent and franchise used vehicle dealers.

With about 137 million shares outstanding, the dividend would cost the company about $26 million.

Its shares finished at $18.60 on Thursday. They have traded in a 52-week range of $12.67 to $20.85.


AROUND THE WEB

  1. 1
    Game warden won't be charged in April Adair County shooting
  2. 2
    Report: Pakistan on track to have world's 3rd largest nuclear arsenal
  3. 3
    Yellowstone visitor requests better trained bears
  4. 4
    Gym teacher charged with sexual battery bound for district court arraignment
  5. 5
    Woman tries to stop suspected thief by jumping into his vehicle, Tulsa police say
+ show more

FEATURED JOBS



× Trending business Article