Penske Automotive Group (PAG) Raises Quarterly Dividend 3.4% to $0.30; 2.3% Yield

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Go back to Penske Automotive Group (PAG) Raises Quarterly Dividend 3.4% to $0.30; 2.3% Yield

Penske Automotive Increases Dividend

February 9, 2017 9:05 AM EST

BLOOMFIELD HILLS, Mich., Feb. 9, 2017 /PRNewswire/ -- 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 $0.30 per share for the fourth quarter of 2016. 

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 fourth quarter of 2016, the Board of Directors is pleased to offer an increase in the quarterly dividend, representing the 23rd consecutive quarterly increase for PAG's... More