Penske Automotive Group (PAG) Raises Quarterly Dividend 2.9% to $0.35; 3% Yield

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Go back to Penske Automotive Group (PAG) Raises Quarterly Dividend 2.9% to $0.35; 3% Yield

Penske Automotive Increases Dividend

May 10, 2018 7:37 AM EDT

BLOOMFIELD HILLS, Mich., May 10, 2018 /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 $0.35 per share for the second quarter of 2018. 

Penske Automotive Group President Robert H. Kurnick, Jr., said, "I am pleased to announce that for the 28th consecutive quarter, our Board of Directors has increased the dividend for PAG's shareholders. This increase in the dividend demonstrates the confidence we have in our ability to continue growing the company's diversified... More