Penske automotive group increases dividend by 8% and announces additional securities repurchase authority

Bloomfield hills, mich. , may 11, 2023 /prnewswire/ -- penske automotive group, inc. (nyse: pag), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its board of directors has authorized an increase in the company's quarterly dividend by $0.05 per share, or 8%, to $0.66 per share and delegated to management an additional $250 million in authority to repurchase the company's outstanding securities.
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