Penske Automotive (PAG) Group announced that its Board of Directors has approved a quarterly dividend of $1.26 per share, representing an increase of 3.3%, or 4c per share. This represents the company’s 18th consecutive quarterly increase. The dividend is payable June 3 to shareholders of record as of May 27. The company’s Board of Directors also has approved an additional $250M in securities repurchase authorization, bringing the total current securities repurchase authorization to $295.8M.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAG:
- Penske Automotive Group: Resilient Market Positioning and Strong Financial Performance Justify Buy Rating
- Penske Automotive Reports Record Quarterly Revenue
- Penske Automotive’s Earnings Call: Record Revenue Amid Challenges
- Penske Automotive Reports Record Q1 Revenue for 2025
- Penske Automotive reports Q1 adjusted EPS $3.39, consensus $3.28