Penske Automotive Group (PAG) Raises Quarterly Dividend 3.3% to $0.31; 2.8% Yield
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Penske Automotive Increases Dividend
May 10, 2017 8:14 AM EDTBLOOMFIELD HILLS, Mich., May 10, 2017 /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 $0.31 per share for the first quarter of 2017.Â
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 first quarter of 2017, the Board of Directors is pleased to offer an increase in the quarterly dividend, representing the 24th consecutive quarterly increase for PAG's shareholders."... More
