US Edition
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND AND SECURITIES REPURCHASE AUTHORIZATION
- Penske Automotive Group announced on May 14, 2025, in Bloomfield Hills, Michigan, a 3.3% dividend increase to $1.26 per share and expanded repurchase authorization.
- The Board of Directors has approved the 18th straight quarterly dividend increase and has also expanded the company’s securities repurchase program by $250 million.
- Penske Automotive Group is a global transportation services company included in major market indices such as the S&P MidCap 400, Fortune 500, and Russell 1000.
- The total authorized amount for share repurchases has increased to $295.8 million, while dividends of $1.26 per share will be distributed on June 3, 2025, to those listed as shareholders by May 27, 2025.
- This announcement highlights the company’s continued financial strength, though forward-looking statements note risks from economic, regulatory, and supply chain uncertainties.
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Total News Sources29
Leaning Left2Leaning Right1Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
15%
C 77%
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