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KAR Auction announces first cash dividend of 19c per share

KAR Auction Services announced that its board has approved the initiation of a quarterly cash dividend on the company's common stock. The initial quarterly dividend of 19c per share will be paid on December 28 to stockholders of record at the close of business on December 19, representing an annualized dividend of 76c per share. This is the first dividend paid to stockholders in the cmpany's history.