secwatch.observer — SEC 8-K summary
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Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001019849-24-000091
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000091/0001019849-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000091/pag-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001019849-24-000091

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