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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

Penske Automotive Group Inc. (NYS: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 (S&P:SPX) has gained 13%.

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