Penske Automotive Group (PAG) Raises Dividend to $1.26

By Greg Peters • Monday, May 19 06:05 • 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% rise from the previous period. This represents the 18th consecutive quarterly increase and reaffirms the company's commitment to delivering value to its shareholders. The dividend is payable on June 3, 2025, to shareholders of record as of May 27, 2025.

Furthermore, 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. This move signals the company's confidence in its financial position and its commitment to returning capital to shareholders through repurchases.

Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, 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.

In addition to its retail operations, Penske Automotive Group, Inc. also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services primarily in Australia and New Zealand. The company employs over 28,700 people worldwide and owns 28.9% of Penske Transportation Solutions ("PTS"), a business that manages one of the largest trucking fleets in North America and provides transportation, supply chain, and technology solutions.

The increase in dividend and securities repurchase authorization reflects the company's strong performance and its ongoing efforts to enhance shareholder value. These metrics demonstrate the company's commitment to delivering returns to its investors while maintaining a solid financial position. Following these announcements, the company's shares moved 0.44%, and are now trading at a price of $166.54. Check out the company's full 8-K submission here.

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