Penske Automotive hikes dividend by 3.6% Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Penske Automotive Group As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Penske Automotive Group As of October 10, 2023	PAG	$2.88	26.3%	23.9%	9.5%
Vehicle Dealerships	1.8%	3	14.2%	Quarter	2020

Penske Automotive hikes dividend by 3.6%

Wednesday 19 October 2016

Penske Automotive Group (PAG) will increase its quarterly dividend to $0.29 per share.

The dividend is payable on December 1, 2016, to shareholders of record on November 10, 2016.

"The diversification of our business continues to be a core strength, contributing to our strong cash flow. As a result of PAG's continued performance, the Board of Directors is pleased to offer an increase in the quarterly dividend.", according to Penske Automotive Group President Robert H. Kurnick, Jr.

Penske currently has an indicated dividend yield of 2.6%. In 2016 Penske has raised its dividend by 16% already, today's dividend hike included.

Penske Automotive Group, Inc. 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.

Penske Automotive Group

Consumer Discretionary

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