Penske Automotive Hikes Dividend By 2.2%

  • Penske Automotive Group Inc PAG Board of Directors has increased the company's dividend by 2.2% to $0.46 per share. 
  • The dividend is payable December 1, 2021, to shareholders of record on November 10, 2021.
  • On July 21, 2021, Penske announced an increase in the quarterly dividend to $0.45 per share.
  • The company held $165.2 million in cash and equivalents as of June 30, 2021.
  • Price Action: PAG shares closed higher by 0.64% at $103.73 on Wednesday.
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