Penske Automotive Group (PAG) Raises Quarterly Dividend 2.6% to $0.39; 3.4% Yield

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Penske Automotive Increases Dividend to $0.39 Per Share

May 9, 2019 7:45 AM EDT

BLOOMFIELD HILLS, Mich., May 9, 2019 /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 $0.39 per share for the first quarter of 2019. 

Penske Automotive Group President Robert H. Kurnick, Jr., said, "We are pleased to offer our shareholders an increase in the quarterly dividend for the 32nd consecutive quarter.  Our sector leading dividend represents a yield of 3.4% and continues to underscore the confidence we have in our  company's diversified transportation services business... More