---
schema_version: "secwatch.filing_event.v1"
accession: "0001019849-24-000091"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T16:37:14.315313+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001019849-24-000091
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000101984924000091/0001019849-24-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000101984924000091/pag-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-24-000091
- JSON: https://secwatch.observer/filing/0001019849-24-000091.json
- Plain text: https://secwatch.observer/filing/0001019849-24-000091.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.