Penske Automotive Group (PAG) Raises Dividend to $1.26

By Greg Peters • Saturday, May 17 10:10 • Permanent Link

Penske Automotive Group, Inc. (NYSE: PAG) announced an increase in its quarterly dividend to $1.26 per share, marking a 3.3% increase, or $0.04 per share, from the previous period. This marks the company's 18th consecutive quarterly increase. The dividend is payable on June 3, 2025, to shareholders of record as of May 27, 2025.

Additionally, the company's board of directors has authorized an additional $250 million in securities repurchase authorization, bringing the total current securities repurchase authorization to $295.8 million.

Penske Automotive Group, Inc. is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. The company operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia. It is also one of the largest retailers of commercial trucks in North America for Freightliner.

Penske Automotive Group, Inc. employs over 28,700 people worldwide and owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs over 44,500 people worldwide and manages one of the largest, most comprehensive, and modern trucking fleets in North America.

This news comes as the company continues to pursue its growth and financial strategies, positioning itself as a major player in the international transportation services industry. As a result of these announcements, the company's shares have moved 0.44% on the market, and are now trading at a price of $166.54. For more information, read the company's full 8-K submission here.

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