Penske Raises Dividend, Adds Securities Repurchase Plan

MT Newswires Live

2025/05/15

Penske Automotive (PAG) said Wednesday that it has raised its quarterly dividend to $1.26 per share, payable June 3 to holders of record May 27.

The company said its board also approved an additional $250 million in securities repurchase authorization, bringing the total repurchase authorization to $295.8 million.

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