BLOOMFIELD HILLS, Mich., July 19, 2023 /PRNewswire/ -- Penske 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 quarterly dividend by $0.06 per share, or 9%, to $0.72 per share. "We are pleased to provide an increase in the cash dividend to our shareholders," said Penske Automotive Group President, Robert Kurnick, Jr. "Continued strong cash flow, a healthy balance sheet, and the strength of our operations enables us to increase the dividend and reward our shareholders." The dividend is payable September 1, 2023, to shareholders of record as of August 10, 2023.
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