Lithia Motors Inc. will pay a dividend of 14 cents per share for the second quarter of 2008, the company recently announced.

The Medford, Ore.-based company that owns 110 auto stores in 15 states will pay the dividend July 29 to shareholders of record on July 15.

-- Pratik Joshi: 582-1541; pjoshi@tricityherald.com; Business Beat blog at www.tricityherald.com