Group 1 Automotive Inc. boosted its share buyback program on Wednesday and raised its quarterly cash dividend. The company added $161 million to the buyback program to increase it to $200 million. It raised its cash dividend to 39 cents a share from 38 cents, with the new dividend to be payable Dec. 15 to shareholders of record as of Dec. 1. Shares were not active premarket but have fallen 2.4% in the year to date, while the S&P 500 has fallen 16%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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