Penske automotive group increases dividend and share repurchase authorization

Dividend increased by three cents to $0.50 share repurchase authorization increased to $250 million bloomfield hills, mich. , may 12, 2022 /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 increased the company's dividend by 6.4%, or $0.03 per share, to $0.50 per share.
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