Penske Automotive Group Ups Dividend Again

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Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company as well as a notable global automotive and commercial truck retailer, today announced that its Board of Directors has increased the Company’s quarterly dividend by $0.06 per share, or 9%, to $0.72 per share. The dividend is payable September 1, 2023, to shareholders of record as of August 10, 2023. PAG Q2 earnings will be announced next week.

“We are pleased to provide an increase in the cash dividend to our shareholders,” said Penske Automotive Group President, Robert Kurnick, Jr. “Continued strong cash flow, a healthy balance sheet, and the strength of our operations enables us to increase the dividend and reward our shareholders.” 

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