DividendMay 14, 2026, 05:01 PM
Penske Automotive Increases Quarterly Dividend to $1.42
AI Summary
Penske Automotive Group announced a quarterly dividend increase to $1.42 per share, up $0.02 or 1.4%, marking its 22nd consecutive quarterly increase. The dividend is payable on June 3, 2026, to shareholders of record as of May 26, 2026. Additionally, at its 2026 Annual Meeting, stockholders approved all proposals, including the election of twelve director nominees, the ratification of Deloitte & Touche LLP as the independent auditor, and the advisory approval of named executive officer compensation.
Key Highlights
- Penske Automotive Group declared a quarterly dividend of $1.42 per share.
- This represents an increase of $0.02 per share, or approximately 1.4%.
- The dividend is payable on June 3, 2026, to shareholders of record as of May 26, 2026.
- Stockholders elected twelve director nominees at the 2026 Annual Meeting.
- Deloitte & Touche LLP was ratified as the independent auditing firm for 2026.
- Named executive officer compensation was approved on an advisory basis.
Price Impact
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