BLOOMFIELD HILLS, Mich., Oct. 18, 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 $0.07 per share, or 9.7%, to $0.79 per share. "Our healthy balance sheet, continued strong cash flow and the strength of operations enables us to increase the cash dividend and reward our shareholders," said Penske Automotive Group President, Robert Kurnick, Jr. The dividend is payable December 1, 2023, to shareholders of record as of November 10, 2023.
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