The Board of Directors at Penske Automotive has approved a quarterly dividend of $0.96 per share. 

“Based on the strength of our balance sheet and continued strong cash flow, we are pleased to provide our shareholders with a 10% increase in the cash dividend,” said Penske Automotive Group President, Robert Kurnick Jr.  The dividend is payable June 4, 2024, to shareholders of record as of May 20, 2024.