The Auto Channel
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Penske Automotive Increases Dividend 7.7%


Penske

BLOOMFIELD HILLS, Mich.--January 29, 2013: Penske Automotive Group, Inc. , an international automotive retailer, today announced that its Board of Directors has approved a cash dividend of $0.14 per share for the fourth quarter of 2012. The dividend is payable on March 1, 2013, to shareholders of record on February 11, 2013.

“Increasing the dividend to $0.14 per share demonstrates the strength of our financial performance, our commitment to returning capital to shareholders and the confidence we have in the auto retail environment.”

Commenting on the dividend increase, Penske Automotive Group President Robert H. Kurnick, said "Increasing the dividend to $0.14 per share demonstrates the strength of our financial performance, our commitment to returning capital to shareholders and the confidence we have in the auto retail environment."