PENSKE AUTOMOTIVE GROUP ANNOUNCES DIVIDEND INCREASE

Impact · against what's priced in

Penske Automotive Group announced a modest 1.4% increase to its quarterly dividend. While positive, the small size of the hike is unlikely to be a significant catalyst for the stock price.

PAG+0.10

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In context

The company increased its quarterly dividend by $0.02 to $1.46 per share, reflecting a slight 1.4% increase in annual cash distributions.

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Actual

• retail
• PAG
• automotive
• commercial trucks
• dividend
• dividend increase
• transportation

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