Penske Automotive Increases Dividend to $0.40 Per Share

AutoInformed.com

With global auto markets starting a slow decline, Penske is increasing returns.

Penske Automotive Group, Inc. (NYSE: PAG), a transportation services company that supports Roger Penske’s successful racing addiction, today announced that its Board of Directors has approved an increase in the cash dividend to $0.40 per share for the second quarter of 2019.

“We are pleased to offer our shareholders an increase in the quarterly dividend for the 33rd consecutive quarter.  Our sector leading dividend represents a yield of 3.6% and reinforces our commitment to PAG shareholders,” said Penske Automotive Group President Robert H. Kurnick, Jr.”

The dividend is payable on September 4, 2019, to shareholders of record on August 9, 2019.

About Penske Automotive

Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 27,000 people worldwide and is a member of the Fortune 500 and Russell 2000, and is ranked among the World’s Most Admired Companies by Fortune Magazine.

About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
This entry was posted in financial results, people, racing, transportation and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.