Penske Automotive Group (PAG) Suspends Quarterly Dividend
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Penske Automotive Suspends Quarterly Dividend
May 13, 2020 4:15 PM EDTBLOOMFIELD HILLS, Mich., May 13, 2020 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a  diversified international transportation services company, today announced that its Board of Directors has suspended its cash dividend.  The company previously paid a quarterly dividend of $0.42 per share to shareholders on March 3, 2020. The company estimates that the suspension of the dividend will preserve approximately $34 million in cash during the second quarter. Commenting on the announcement, Chair Roger... More
