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PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND
Prnewswire· 2025-07-23 20:03
Group 1 - Penske Automotive Group, Inc. announced a quarterly dividend increase of 4.8% to $1.32 per share, marking the 19th consecutive quarterly increase [1][2] - The dividend is payable on September 3, 2025, to shareholders of record as of August 15, 2025 [1] - The increase reflects the company's strong balance sheet and cash flow, as stated by President Robert H. Kurnick, Jr. [2] Group 2 - Penske Automotive Group operates internationally, with dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia [2] - The company is one of the largest retailers of commercial trucks in North America and employs over 28,700 people worldwide [2] - Penske Automotive owns 28.9% of Penske Transportation Solutions, which manages a large trucking fleet and provides transportation and supply chain solutions [2]
PENSKE AUTOMOTIVE GROUP SCHEDULES SECOND QUARTER AND SIX MONTHS 2025 FINANCIAL RESULTS CONFERENCE CALL
Prnewswire· 2025-07-16 20:02
Core Viewpoint - Penske Automotive Group, Inc. will release its financial results for the three and six months ended June 30, 2025, on July 30, 2025, and will hold a conference call to discuss these results later that day [1][2]. Company Overview - Penske Automotive Group, Inc. is a diversified international transportation services company and a leading automotive and commercial truck retailer, headquartered in Bloomfield Hills, Michigan [3]. - The company operates dealerships in multiple countries including the United States, United Kingdom, Canada, Germany, Italy, Japan, and Australia, and is one of the largest retailers of commercial trucks in North America for Freightliner [3]. - Penske Automotive employs over 28,700 people globally and owns 28.9% of Penske Transportation Solutions, which manages a large trucking fleet in North America [3]. Financial Communication - An investor presentation and earnings press release will be available on the company's website starting July 30, 2025 [2]. - A conference call will take place at 2:00 PM Eastern Daylight Time on the same day, with specific dial-in numbers provided for U.S. and international participants [2]. - A replay of the conference call will be accessible for 7 days after the event [2].
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND AND SECURITIES REPURCHASE AUTHORIZATION
Prnewswire· 2025-05-14 20:05
Dividend Announcement - Penske Automotive Group, Inc. has approved a quarterly dividend of $1.26 per share, marking a 3.3% increase or $0.04 per share, which is the 18th consecutive quarterly increase [1] - The dividend is payable on June 3, 2025, to shareholders of record as of May 27, 2025 [1] Securities Repurchase Authorization - The Board of Directors has authorized an additional $250 million in securities repurchase, increasing the total current authorization to $295.8 million [2] - The company may repurchase its outstanding common stock or debt through various means including open market transactions and accelerated share repurchase programs [2] Company Overview - Penske Automotive Group, Inc. is a diversified international transportation services company and a leading automotive and commercial truck retailer [3] - The company operates dealerships in multiple countries including the United States, Canada, Germany, and Japan, and is one of the largest retailers of commercial trucks in North America [3] - Penske Automotive employs over 28,700 people globally and owns 28.9% of Penske Transportation Solutions, which manages a large trucking fleet in North America [3]