KAR Auction Services, Inc. Announced Initiation of a Quarterly Cash Dividend

KAR Auction Services Announces First Cash Dividend.KAR Auction Services, Inc. (NYSE: KAR) (the "Company") announced today that its Board of Directors has approved the initiation of a quarterly cash dividend on the Company's common stock. The initial quarterly dividend of $0.19 per share will be paid on December 28, 2012 to stockholders of record at the close of business on December 19, 2012, representing an annualized dividend of $0.76 per share.

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