The DividendRank formula at Dividend Channel ranks Group 1 Automotive, Inc. (GPI) in the top 25% of dividend stocks, indicating it’s worth further research. GPI shares entered oversold territory at $172.91, with an RSI reading of 27.5, lower than the average of 47.0. This could present a buying opportunity for investors seeking a higher yield. GPI’s annualized dividend of 1.4/share yields 0.78% based on the recent $179.19 share price. Investors may consider GPI’s dividend history before making a decision. For more oversold dividend stocks, check out the link provided.

Read more at Nasdaq.: Group 1 Automotive Becomes Oversold