Penske Automotive Group Boosts Quarterly Dividend to $1.46
Penske Automotive Group, Inc. (PAG) has increased its quarterly cash payout to shareholders by 1.4%. The company declared a payment of $1.46 per share, marking a $0.02 boost from the prior quarter. On an annualized basis, the new payout equates to $5.84 per share.
The modest dividend hike highlights the business's ability to maintain steady cash flow generation and continue returning capital to investors. Shares of Penske Automotive Group were trading down 0.45% at $194.80 following the announcement.
Investors seeking to receive the upcoming payout must be logged as stockholders on the company's record date of November 13, 2026. The cash distribution is scheduled to be paid out on December 1, 2026.
Key points
- Penske Automotive Group declared a quarterly dividend of $1.46 per share, an increase of $0.02 or 1.4%.
- The dividend is payable on December 1, 2026, to shareholders of record as of November 13, 2026.
- On an annualized basis, the updated dividend represents a total payout of $5.84 per share.
- Shares of Penske Automotive Group (PAG) traded at $194.80, down 0.45% today.
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What is Penske Automotive Group's new quarterly dividend?
Penske Automotive Group declared a quarterly cash dividend of $1.46 per share, an increase of $0.02 or 1.4% per share.
When is the payment date for Penske Automotive Group's dividend?
The dividend will be paid on December 1, 2026, to shareholders of record at the close of business on November 13, 2026.
What is the annualized dividend payout for Penske Automotive Group?
The annualized dividend payout is $5.84 per share based on the new quarterly rate.