Penske Automotive increases quarterly dividend 11% to $1.07 per share

PENSKE AUTOMOTIVE GROUP, INC.

Quarterly dividend raised 11% to $1.07 per share; payable Sept 4 to holders of record Aug 15.
This is the 15th consecutive quarterly increase and third increase in 2024.
Company returned ~$271M to shareholders YTD through dividends and share repurchases.
Completed acquisitions representing $2B in estimated annualized revenues in 2024.
Leverage ratio at 1.2x as of June 30; balance sheet remains strong.

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