secwatch.observer — SEC 8-K summary
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Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001019849-22-000024
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penske Automotive increases dividend to $0.50/share (6.4% raise) and boosts buyback authorization to $250M
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- Dividend raised 6.4% to $0.50/share; payable June 1, 2022, record May 23, 2022.
- Share repurchase authorization increased to $250M; $46.3M remained as of April 30.
- Q1 2022 operating cash flow of $381M cited as basis for capital return.
- Jan–Apr 2022 repurchased 1.9M shares for $184.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984922000024/0001019849-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984922000024/pag-20220512.htm
  HTML page:      https://secwatch.observer/filing/0001019849-22-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer