Business
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND AND SECURITIES REPURCHASE AUTHORIZATION
Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.26 per share, representing an increase of 3.3%, or $0.04 per share. This represents the Company's 18th consecutive quarterly increase. The dividend is payable June 3, 2025, to shareholders of record as of May 27, 2025.
About this update from Penske Automotive Group, Inc.
[{"type":"text","content":"Dividend Increases 3.3% to $1.26 Per Share - the 18th Consecutive Quarterly Increase","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"Securities Repurchase Authorization Increases by Additional $250 Million","length":72,"tagName":"p","attribs":{}},{"type":"text","content":"BLOOMFIELD HILLS, Mich., May 14, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.26 per share, representing an increase of 3.3%, or $0.04 per share. This represents the Company's 18th consecutive quarterly increase. The dividend is payable June 3, 2025, to shareholders of record as of May 27, 2025.","length":547,"tagName":"p"},{"type":"text","content":"The Company's Board of Directors also has approved an additional $250 million in securities repurchase authorization, bringing the total current securities repurchase authorization to $295.8 million. Under the authorization, the Company may make repurchases, from time to time, of its outstanding common stock or debt on the open market, in privately negotiated transactions, via a tender offer, through a pre-arranged trading plan, pursuant to the terms of an accelerated share repurchase program, or by other means.","length":527,"tagName":"p"},{"type":"text","content":"About Penske Automotive","length":23,"tagName":"p"},{"type":"text","content":"Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,700 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs over 44,500 people worldwide, manages one of the largest, most com...