Sonic Automotive Stock To Go Ex-dividend Tomorrow (SAH)

NEW YORK ( TheStreet) -- The ex-dividend date for Sonic Automotive (NYSE: SAH) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $14.25 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Sonic Automotive has been 652,700 shares per day over the past 30 days. Sonic Automotive has a market cap of $599.9 million and is part of the services sector and specialty retail industry. Shares are down 5.7% year to date as of the close of trading on Monday.

Sonic Automotive, Inc. operates as an automotive retailer in the United States. The company has a P/E ratio of 10.6, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sonic Automotive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Sonic Automotive Ratings Report.

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