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Jan. 26, 2022, 8:10 a.m. EST

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

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By Ciara Linnane

Penske Automotive Group Inc. /zigman2/quotes/209561848/composite PAG +0.28% 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 /zigman2/quotes/210599714/realtime SPX +0.41% has gained 13%.

/zigman2/quotes/209561848/composite
US : U.S.: NYSE
$ 116.27
+0.33 +0.28%
Volume: 166,395
May 16, 2022 2:27p
P/E Ratio
6.64
Dividend Yield
1.63%
Market Cap
$8.80 billion
Rev. per Employee
$1.07M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,040.34
+16.45 +0.41%
Volume: 1.36B
May 16, 2022 2:28p
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