PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND AND SECURITIES REPURCHASE AUTHORIZATION
Penske Automotive Group (NYSE: PAG) has announced two significant shareholder-friendly moves. The company increased its quarterly dividend by 3.3% to $1.26 per share, marking its 18th consecutive quarterly increase. The dividend will be payable on June 3, 2025, to shareholders of record as of May 27, 2025.
Additionally, PAG's Board of Directors approved an additional $250 million in securities repurchase authorization, bringing the total current authorization to $295.8 million. The company can execute these repurchases through various means, including open market transactions, privately negotiated deals, tender offers, or accelerated share repurchase programs.
Penske Automotive Group (NYSE: PAG) ha annunciato due importanti iniziative a favore degli azionisti. La società ha aumentato il dividendo trimestrale del 3,3%, portandolo a 1,26 dollari per azione, segnando il 18° aumento trimestrale consecutivo. Il dividendo sarà pagabile il 3 giugno 2025 agli azionisti registrati al 27 maggio 2025.
Inoltre, il Consiglio di Amministrazione di PAG ha approvato un ulteriore autorizzazione all'acquisto di titoli per 250 milioni di dollari, portando l'autorizzazione totale attuale a 295,8 milioni di dollari. L'azienda può effettuare questi riacquisti tramite diverse modalità, tra cui transazioni sul mercato aperto, accordi privati, offerte pubbliche di acquisto o programmi di riacquisto accelerato di azioni.
Penske Automotive Group (NYSE: PAG) ha anunciado dos importantes medidas favorables para los accionistas. La compañía incrementó su dividendo trimestral en un 3,3%, alcanzando 1,26 dólares por acción, marcando su 18º aumento trimestral consecutivo. El dividendo se pagará el 3 de junio de 2025 a los accionistas registrados al 27 de mayo de 2025.
Además, la Junta Directiva de PAG aprobó una autorización adicional para la recompra de valores por 250 millones de dólares, elevando la autorización total actual a 295,8 millones de dólares. La empresa puede ejecutar estas recompras mediante diversas vías, incluyendo transacciones en el mercado abierto, acuerdos privados, ofertas públicas de adquisición o programas acelerados de recompra de acciones.
Penske Automotive Group (NYSE: PAG)는 주주 친화적인 두 가지 중요한 조치를 발표했습니다. 회사는 분기 배당금을 3.3% 인상하여 주당 1.26달러로, 18분기 연속 배당 인상을 기록했습니다. 배당금은 2025년 6월 3일에 지급되며, 2025년 5월 27일 기준 주주에게 지급됩니다.
또한 PAG 이사회는 2억 5천만 달러의 추가 주식 재매입 승인을 승인하여 현재 총 승인 한도를 2억 9,580만 달러로 늘렸습니다. 회사는 공개 시장 거래, 사적 협상, 공개 매수 제안 또는 가속 주식 재매입 프로그램 등 다양한 방법으로 재매입을 실행할 수 있습니다.
Penske Automotive Group (NYSE : PAG) a annoncé deux mesures importantes favorables aux actionnaires. La société a augmenté son dividende trimestriel de 3,3 % pour atteindre 1,26 $ par action, marquant ainsi sa 18e augmentation trimestrielle consécutive. Le dividende sera versé le 3 juin 2025 aux actionnaires inscrits au registre au 27 mai 2025.
De plus, le conseil d'administration de PAG a approuvé une autorisation supplémentaire de rachat d'actions de 250 millions de dollars, portant l'autorisation totale actuelle à 295,8 millions de dollars. La société peut effectuer ces rachats par divers moyens, notamment des transactions sur le marché ouvert, des accords privés, des offres publiques d'achat ou des programmes de rachat accéléré d'actions.
Penske Automotive Group (NYSE: PAG) hat zwei bedeutende aktionärsfreundliche Maßnahmen angekündigt. Das Unternehmen erhöhte seine vierteljährliche Dividende um 3,3 % auf 1,26 US-Dollar pro Aktie und verzeichnet damit die 18. aufeinanderfolgende vierteljährliche Erhöhung. Die Dividende wird am 3. Juni 2025 an die Aktionäre gezahlt, die zum 27. Mai 2025 im Register stehen.
Zusätzlich genehmigte der Vorstand von PAG eine zusätzliche Aktienrückkaufgenehmigung in Höhe von 250 Millionen US-Dollar, womit die derzeitige Gesamtgenehmigung auf 295,8 Millionen US-Dollar steigt. Das Unternehmen kann diese Rückkäufe auf verschiedene Weise durchführen, darunter offene Markttransaktionen, privat ausgehandelte Geschäfte, Übernahmeangebote oder beschleunigte Aktienrückkaufprogramme.
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Dividend Increases
Securities Repurchase Authorization Increases by Additional
The Company's Board of Directors also has approved an additional
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions (PTS) and Premier Truck Group and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, or labor strikes or work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model either from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of EVs; disruptions to the security and availability of our information technology systems and those of our third party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; changes in interest rates and foreign currency exchange rates; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes or work stoppages by its employees, a reduction in PTS' asset utilization rates, continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various government mandates concerning the electrification of its vehicle fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs: our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicles sales, including those related to the sales process, emissions standards or electrification, as well as changes in consumer sentiment relating to commercial truck sales that may hinder our or PTS' ability to maintain, acquire, sell, or operate trucks; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; the outcome of legal and administrative matters, and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risk and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2024, its Form 10-Q for the quarterly period ended March 31, 2025, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
Inquiries should contact:
Shelley Hulgrave | Anthony Pordon |
Executive Vice President and | Executive Vice President Investor Relations |
Chief Financial Officer | and Corporate Development |
Penske Automotive Group, Inc. | Penske Automotive Group, Inc. |
248-648-2812 | 248-648-2540 |
shulgrave@penskeautomotive.com | tpordon@penskeautomotive.com |
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SOURCE Penske Automotive Group, Inc.
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