Penske Automotive Increases Dividend 8.3%
Penske Automotive Group (NYSE: PAG), an international automotive retailer, today announced that its Board of Directors has approved a cash dividend of $0.13 per share for the third quarter of 2012. The dividend is payable on December 3, 2012, to shareholders of record on November 12, 2012.
“Increasing the dividend to $0.13 per share continues to demonstrate our commitment to returning capital to shareholders and the confidence we have in the auto retail environment,” said Penske Automotive Group President Rob Kurnick.
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