Penske Automotive Group Increases Quarterly Dividend From $0.96 To $1.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive Group (NYSE:PAG) has announced an 11% increase in its quarterly dividend, raising it from $0.96 to $1.07 per share. This marks the third dividend increase in 2024 and the 15th consecutive quarterly increase.
July 24, 2024 | 8:31 pm
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POSITIVE IMPACT
Penske Automotive Group has increased its quarterly dividend by 11% to $1.07 per share. This is the third increase in 2024 and the 15th consecutive quarterly increase.
The consistent increase in dividends reflects strong financial health and a commitment to returning value to shareholders, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100