Penske Automotive Group (PAG) Raises Quarterly Dividend 3.1% to $0.33; 2.9% Yield

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Go back to Penske Automotive Group (PAG) Raises Quarterly Dividend 3.1% to $0.33; 2.9% Yield

Penske Automotive Increases Dividend

October 11, 2017 7:53 AM EDT

BLOOMFIELD HILLS, Mich., Oct. 11, 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 $0.33 per share for the third quarter of 2017. 

Penske Automotive Group President Robert H. Kurnick, Jr., said, "For the 26th consecutive quarter, I am pleased to announce that our Board of Directors has increased the dividend for PAG's shareholders. This increase continues to demonstrate the confidence we have in our diversified transportation services business model."

The dividend is payable... More