PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.19
Penske Automotive Group (NYSE: PAG) has increased its quarterly dividend by 11% to $1.19 per share. This marks the 16th consecutive quarterly increase and the fourth increase in 2024. The dividend is payable on December 3, 2024, to shareholders of record as of November 15, 2024.
In 2024, PAG will have returned over $350 million to shareholders through dividends and securities repurchases. The company has also completed acquisitions representing $2 billion in estimated annualized revenues year-to-date. PAG operates dealerships internationally, is a major retailer of commercial trucks, and owns 28.9% of Penske Transportation Solutions.
Penske Automotive Group (NYSE: PAG) ha aumentato il suo dividendo trimestrale dell'11% a $1,19 per azione. Questo segna il 16° aumento trimestrale consecutivo e il quarto aumento nel 2024. Il dividendo sarà pagabile il 3 dicembre 2024, agli azionisti registrati al 15 novembre 2024.
Nel 2024, PAG avrà restituito oltre $350 milioni agli azionisti attraverso dividendi e riacquisti di azioni. L'azienda ha anche completato acquisizioni che rappresentano $2 miliardi di ricavi annualizzati stimati dall'inizio dell'anno. PAG opera concessionarie a livello internazionale, è un importante rivenditore di camion commerciali e possiede il 28,9% di Penske Transportation Solutions.
Penske Automotive Group (NYSE: PAG) ha aumentado su dividendo trimestral en un 11% a $1.19 por acción. Esto marca el 16° aumento trimestral consecutivo y el cuarto aumento en 2024. El dividendo se pagará el 3 de diciembre de 2024, a los accionistas registrados hasta el 15 de noviembre de 2024.
En 2024, PAG habrá devuelto más de $350 millones a los accionistas a través de dividendos y recompra de acciones. La compañía también ha completado adquisiciones que representan $2 mil millones en ingresos anuales estimados hasta la fecha. PAG opera concesionarios a nivel internacional, es un importante minorista de camiones comerciales y posee el 28.9% de Penske Transportation Solutions.
펜스큐 오토모티브 그룹 (NYSE: PAG)은 분기 배당금을 11% 인상하여 주당 $1.19로 발표했습니다. 이는 16회 연속 분기 증가를 기록하며, 2024년의 네 번째 증가입니다. 배당금은 2024년 12월 3일에 2024년 11월 15일 기준 주주에게 지급됩니다.
2024년에 PAG는 배당금과 주식 매입을 통해 주주에게 3억 5천만 달러 이상을 반환할 것입니다. 회사는 연초까지 추정 연간 수익 20억 달러를 대표하는 인수 거래를 완료했습니다. PAG는 국제적으로 딜러십을 운영하며 상업용 트럭의 주요 소매업체로, Penske Transportation Solutions의 28.9%를 소유하고 있습니다.
Penske Automotive Group (NYSE: PAG) a augmenté son dividende trimestriel de 11% à 1,19 $ par action. Cela marque le 16ème augmentation trimestrielle consécutive et la quatrième augmentation en 2024. Le dividende sera payable le 3 décembre 2024, aux actionnaires enregistrés au 15 novembre 2024.
En 2024, PAG aura rendu plus de 350 millions $ aux actionnaires à travers des dividendes et des rachats de titres. L'entreprise a également finalisé des acquisitions représentant 2 milliards $ de revenus annualisés estimés depuis le début de l'année. PAG exploite des concessions à l'international, est un détaillant majeur de camions commerciaux et possède 28,9% de Penske Transportation Solutions.
Penske Automotive Group (NYSE: PAG) hat seine vierteljährliche Dividende um 11% auf 1,19 USD pro Aktie erhöht. Dies stellt die 16. aufeinanderfolgende quartalsweise Erhöhung dar und die vierte Erhöhung im Jahr 2024. Die Dividende ist am 3. Dezember 2024 an Aktionäre zahlbar, die bis zum 15. November 2024 registriert sind.
Im Jahr 2024 wird PAG über 350 Millionen USD an die Aktionäre zurückgegeben haben durch Dividenden und Aktienrückkäufe. Das Unternehmen hat auch Übernahmen abgeschlossen, die geschätzte jährliche Einnahmen von 2 Milliarden USD repräsentieren bis zum heutigen Tag. PAG betreibt international Autohäuser, ist ein wichtiger Einzelhändler von Nutzfahrzeugen und besitzt 28,9% von Penske Transportation Solutions.
- Quarterly dividend increased by 11% to $1.19 per share
- 16th consecutive quarterly dividend increase
- Over $350 million returned to shareholders in 2024
- Acquisitions representing $2 billion in estimated annualized revenues completed year-to-date
- Strong balance sheet and low leverage maintained
- None.
Represents 16th Consecutive Quarterly Increase
Balance Sheet Remains Strong and Leverage Remains Low
Including this dividend distribution and the Company's securities repurchases, the Company will have returned more than
The dividend is payable December 3, 2024, to shareholders of record as of November 15, 2024.
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry conditions and events, including their impact on new and used vehicle sales, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions (PTS) and PTG, personal discretionary spending levels, interest rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, the shortage of vehicle components, international conflicts, including the war in
Inquiries should contact:
Shelley Hulgrave | Anthony Pordon |
Executive Vice President and | Executive Vice President Investor Relations |
Chief Financial Officer | and Corporate Development |
Penske Automotive Group, Inc. | Penske Automotive Group, Inc. |
248-648-2812 | 248-648-2540 |
shulgrave@penskeautomotive.com | tpordon@penskeautomotive.com |
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SOURCE Penske Automotive Group, Inc.
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