Lithia Motors, Inc.'s board of directors approved a dividend of $0.29 per share related to fourth quarter 2018 financial results. The company expects to pay the dividend on March 22, 2019 to shareholders of record on March 8, 2019.

The company announced that John North has provided notice of his intention to resign from the position of Senior Vice President and Chief Financial Officer effective March 1, 2019, following the filing of the company's 2018 annual report on Form 10-K. Tina Miller, Vice President and Corporate Controller, will be appointed interim Principal Financial Officer effective March 1, 2019 while the company conducts a search for a new Chief Financial Officer.