The American Penske Automotive Group, Inc. (ISIN: US70959W1036, NYSE: PAG) will pay a quarterly dividend of 72 US cents per share to shareholders on September 1, 2023. The record date is August 10, 2023. The company has thus increased its dividend payout by 9 percent compared to the previous quarter (66 US cents).
Projected for the year as a whole, a future dividend of 2.88 US dollars will be paid out. At the current share price of $179.75 (as of July 19, 2023), that equates to a current dividend yield of 1.60 percent.
Penske Automotive Group is an automobile and commercial vehicle retailer. The company is a subsidiary of Penske Corporation. In the first quarter (March 31) of fiscal year 2023, Penske Automotive generated sales of $7.34 billion (previous year: $6.98 billion), as the company announced on July 26, 2023. Earnings were $298.3 million (previous year: $367.9 million). The figures for the second quarter of 2023 will be presented on July 26, 2023.
The stock has been up 56.40 percent on Wall Street since the beginning of 2023 (as of July 19, 2023). The market capitalization is $12.23 billion.
Editorial team MyDividends.de
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