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

Penske Automotive Group (PAG) will raise its quarterly dividend to $0.31 per share.

The dividend is payable on June 1, 2017, to shareholders of record on May 22, 2017.

Commenting on the dividend, Penske Automotive Group President Robert H. Kurnick, Jr., said, "Based on the strength of the company's financial performance in the first quarter of 2017, the Board of Directors is pleased to offer an increase in the quarterly dividend, representing the 24(th) consecutive quarterly increase for PAG's shareholders."

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.