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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.