Penske Automotive Group (PAG) Hikes Qtr. Dividend to 27c/Share; Yields 3.1%
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Penske Automotive Increases Dividend
July 27, 2016 7:49 AM EDTBLOOMFIELD HILLS, Mich., July 27, 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 $0.28 per share for the second quarter of 2016.Â
"We are pleased to offer our shareholders another increase in the quarterly dividend," said Penske Automotive Group President Robert H. Kurnick, Jr. "Our business remains solid and our cash flows strong. Furthermore, the geographical and operational diversification of Penske Automotive Group continues to drive further confidence in our overall business."... More
