Penske Automotive Group (PAG) Raises Quarterly Dividend 3.6% to $0.29; 2.6% Yield
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Penske Automotive Increases Dividend
October 19, 2016 7:50 AM EDTBLOOMFIELD HILLS, Mich., Oct. 19, 2016 /PRNewswire/ --Â Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.29 per share for the third quarter of 2016.Â
Commenting on the dividend increase, Penske Automotive Group President Robert H. Kurnick, Jr., said, "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... More
