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Penske Automotive raises quarterly dividend to 47 cents a share versus 46 cents

Penske Automotive Group Inc. (PAG) said Wednesday it's raising its quarterly dividend to 47 cents a share from 46 cents. The new dividend will be payable March 1 to shareholders of record as of Feb. 10. Shares were not yet active premarket but have gained 56% in the last 12 months, while the S&P 500 has gained 13%.

-Ciara Linnane

 

(END) Dow Jones Newswires

01-26-22 0810ET

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