PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.07

Represents 15th Consecutive Quarterly Increase Increase Highlights Strength of Balance Sheet and Low Leverage Including this dividend distribution and the Company's securities repurchases, the Company will have returned approximately $271 million to shareholders so far in 2024. Further, Penske Automotive Group has completed acquisitions representing$2 billion in estimated annualized revenues this year, consistent with the Company's capital allocation strategy. Penske Automotive Group President, Robert Kurn ...