Penske Automotive Group, Inc. Raises Dividend and Repurchase Authorization

By Greg Peters • Sunday, May 18 15:22 • Permanent Link

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

Furthermore, the company's board of directors has approved an additional $250 million in securities repurchase authorization, bringing the total current securities repurchase authorization to $295.8 million. This authorization allows the company to repurchase its outstanding common stock or debt through various means including 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.

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, and is one of the largest retailers of commercial trucks in North America for Freightliner. The company also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

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 a large trucking fleet in North America with over 428,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts.

In addition, the company has noted its membership in the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes.

For additional information, interested parties can visit the company's website at www.penskeautomotive.com. The market has reacted to these announcements by moving the company's shares 0.44% to a price of $166.54. For the full picture, make sure to review PENSKE AUTOMOTIVE GROUP, INC.'s 8-K report.

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