{"id":516032,"date":"2021-07-21T16:33:41","date_gmt":"2021-07-21T20:33:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-increases-dividend-3\/"},"modified":"2021-07-21T16:33:41","modified_gmt":"2021-07-21T20:33:41","slug":"penske-automotive-group-increases-dividend-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-increases-dividend-3\/","title":{"rendered":"Penske Automotive Group Increases Dividend"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n BLOOMFIELD HILLS, Mich.<\/span>, July 21, 2021<\/span> \/PRNewswire\/ —\u00a0Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company’s dividend by 2.3% to $0.45<\/span> per share. The dividend is payable September 1, 2021<\/span>, to shareholders of record on August 10, 2021<\/span>.<\/p>\n

“We are pleased to offer our shareholders another increase in the quarterly dividend,” said Penske Automotive Group President, Robert H. Kurnick<\/span>.\u00a0 “Our business achieved all-time record results for the six months ending June 30, 2021<\/span>, and our cash flow remains strong.” \u00a0With this increase, the annualized dividend increases to $1.80<\/span> per share, representing a yield to our shareholders of more than 2% annually.”<\/p>\n

\n
\n About Penske Automotive
<\/u>
\n <\/b>Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan<\/span>, is a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers.\u00a0 PAG operates dealerships principally in the United States<\/span>, the United Kingdom<\/span>, Germany<\/span> and Italy<\/span> and is the largest retailer of commercial trucks in North America<\/span> for Freightliner.\u00a0 PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia<\/span> and New Zealand<\/span>. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that manages a fleet of over 330,000 vehicles providing innovative transportation, supply chain and technology solutions to North American fleets.\u00a0 PAG is a member of the Fortune\u00a0500, Russell\u00a01000, and Russell 3000 indexes, and is ranked among the World’s Most Admired Companies by Fortune Magazine. For additional information, visit the company’s website at www.penskeautomotive.com<\/a>.<\/p>\n

\n
\n Caution Concerning Forward Looking Statements
<\/u>
\n <\/b>Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.’s financial performance.\u00a0 Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others:, the duration, severity and resolution of the COVID-19 pandemic, government mandated restrictions on our business in light of COVID-19 or otherwise, economic conditions generally, conditions in the credit markets, changes in interest rates and foreign currency exchange rates, changes in tariff rates, new rules in place after the recent Brexit accord between the European Union and the U.K. could slow parts originating in the U.K. or Europe<\/span> for distribution to our dealerships, adverse conditions affecting a particular manufacturer, including the adverse impact to the vehicle and parts supply chain due to limited vehicle availability due to the COVID-19 pandemic, the shortage of automotive semiconductor chips or other components, natural disasters, recall or other disruptions that interrupt the supply of vehicles or parts to us, changes in consumer credit availability, the outcome of legal and administrative matters, and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group’s business, markets, conditions, and other uncertainties, which could affect Penske Automotive Group’s future performance. These risks and uncertainties are addressed in Penske Automotive Group’s Form 10-K for the year ended December 31, 2020<\/span>, and its other filings with the Securities and Exchange Commission (“SEC”). This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.<\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n
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\n Inquiries should contact:<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Shelley Hulgrave<\/span>\n <\/p>\n<\/td>\n

\n

\n Anthony\u00a0R. Pordon<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Executive Vice President and<\/span>\n <\/p>\n<\/td>\n

\n

\n Executive Vice President Investor Relations <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Chief Financial Officer<\/span>\n <\/p>\n<\/td>\n

\n

\n and Corporate Development<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Penske Automotive Group,\u00a0Inc.<\/span>\n <\/p>\n<\/td>\n

\n

\n Penske Automotive Group,\u00a0Inc.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 248-648-2812<\/span>\n <\/p>\n<\/td>\n

\n

\n 248-648-2540<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n shulgrave@penskeautomotive.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n tpordon@penskeautomotive.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n

\n
\n \"Penske
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/penske-automotive-group-increases-dividend-301338890.html<\/a><\/p>\n

SOURCE Penske Automotive Group, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BLOOMFIELD HILLS, Mich., July 21, 2021 \/PRNewswire\/ —\u00a0Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company’s dividend by 2.3% to $0.45 per share. The dividend is payable September 1, 2021, to shareholders of record on August 10, 2021. “We are pleased to offer our shareholders another increase in the quarterly dividend,” said Penske Automotive Group President, Robert H. Kurnick.\u00a0 “Our business achieved all-time record results for the six months ending June 30, 2021, and our cash flow remains strong.” \u00a0With this increase, the annualized dividend increases to $1.80 per share, representing a yield … <\/p>\n

Continue reading “Penske Automotive Group Increases Dividend”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516032","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPenske Automotive Group Increases Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-increases-dividend-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penske Automotive Group Increases Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BLOOMFIELD HILLS, Mich., July 21, 2021 \/PRNewswire\/ —\u00a0Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company’s dividend by 2.3% to $0.45 per share. The dividend is payable September 1, 2021, to shareholders of record on August 10, 2021. “We are pleased to offer our shareholders another increase in the quarterly dividend,” said Penske Automotive Group President, Robert H. Kurnick.\u00a0 “Our business achieved all-time record results for the six months ending June 30, 2021, and our cash flow remains strong.” \u00a0With this increase, the annualized dividend increases to $1.80 per share, representing a yield … Continue reading "Penske Automotive Group Increases Dividend"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-increases-dividend-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-21T20:33:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/326905\/penske_automotive_group_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-increases-dividend-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-increases-dividend-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Penske Automotive Group Increases Dividend\",\"datePublished\":\"2021-07-21T20:33:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-increases-dividend-3\\\/\"},\"wordCount\":597,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-increases-dividend-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/326905\\\/penske_automotive_group_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-increases-dividend-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-increases-dividend-3\\\/\",\"name\":\"Penske Automotive Group Increases Dividend - 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