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PENSKE AUTOMOTIVE GROUP ANNOUNCES 22ND QUARTERLY DIVIDEND INCREASE
The payout rises 1.4% to $1.42 per share, marking Penske Automotive Group’s 22nd consecutive quarterly dividend increase.
- On Wednesday, May 13, 2026, Penske Automotive Group's Board of Directors approved a quarterly dividend of $1.42 per share, representing an increase of $0.02 per share, or approximately 1.4%.
- The approval marks the 22nd consecutive quarterly dividend increase for the automotive and commercial truck retailer, underscoring management's commitment to returning capital to shareholders.
- "This dividend increase reflects the Company's continued balanced approach to capital allocation," said Penske Automotive Group President Robert H. Kurnick, Jr., citing dividends, share repurchases, and strategic acquisitions.
- Shareholders of record as of May 26, 2026, will receive the dividend payment on June 3, 2026, providing timing clarity for investors.
- Penske Automotive Group holds a 28.9% ownership stake in Penske Transportation Solutions, a business employing nearly 41,000 people and managing over 387,500 trucks, tractors, and trailers across North America.
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Leaning Left0Leaning Right1Center13Last UpdatedBias Distribution93% Center
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C 93%
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