Hot, Fast Company: Penske Automotive Increases Dividend 6%

We are only half kidding when sometimes we think PAG exists to support Roger’s love of racing.

Penske Automotive Group, Inc. (NYSE: PAG) – an international transportation services company, a significant force among premier auto and commercial truck retailers, and a successful racing organization – today announced that its Board of Directors has increased the  dividend by $0.03 per share, or 6%, to $0.53 per share.

The dividend is payable September 1, 2022, to shareholders of record on August 10, 2022. Shares of PAG during the past 52 weeks have ranged from $123.60 to $78.60. It is currently trading at ~$107.

“Based on our continued strong cash flow and the strength of the Company’s diversified business model, we are delighted to provide our shareholders with a three-cent increase in the cash dividend,” said Penske Automotive Group President, Robert Kurnick Jr.

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