Penske Automotive (NYSE: PAG) lifts dividend to $1.44 per share
Rhea-AI Filing Summary
Penske Automotive Group, Inc. declared a higher quarterly cash dividend of $1.44 per share, up $0.02 or 1.4%, bringing the annualized dividend to $5.76 per share. The dividend is payable on September 1, 2026 to shareholders of record as of August 14, 2026.
This is the company’s 23rd consecutive quarterly dividend increase. Management links continued dividend growth to business strength and a capital allocation strategy that balances dividends, securities repurchases, and strategic acquisitions across its global automotive and commercial truck operations.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly dividend: $1.44 per share
Dividend increase amount: $0.02 per share
Dividend increase percentage: 1.4%
+5 more
8 metrics
Quarterly dividend
$1.44 per share
Dividend approved by the Board, payable September 1, 2026
Dividend increase amount
$0.02 per share
Increase over the prior quarterly dividend
Dividend increase percentage
1.4%
Change from the previous quarterly dividend rate
Annualized dividend
$5.76 per share
Implied from the new $1.44 quarterly dividend
Consecutive quarterly dividend increases
23
Number of consecutive quarters with dividend increases
PAG ownership in PTS
28.9%
Equity stake in Penske Transportation Solutions
PTS fleet size
Over 387,500 trucks, tractors, and trailers
Vehicles under lease, rental, and/or maintenance contracts
PAG employees
Over 28,800 people
Worldwide employment at Penske Automotive Group
Key Terms
quarterly dividend, annualized dividend, forward-looking statements, take private proposal, +1 more
5 terms
quarterly dividend financial
"approved a quarterly dividend of $1.44 per share"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
annualized dividend financial
"bringing the annualized dividend to $5.76 per share"
Annualized dividend is the amount of dividend income a shareholder would receive over a full year, calculated from the most recent dividend payment pattern (for example, multiplying a quarterly payment by four or summing declared payments over 12 months). It matters to investors because it converts periodic payouts into a common yearly figure for comparing income potential and estimating cash return per share—like turning monthly rent into an annual rent figure to judge which property pays more.
forward-looking statements regulatory
"Statements in this press release may involve forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
take private proposal financial
"relating to an unsolicited, preliminary and non-binding take private proposal"
A take private proposal is an offer by a buyer or group to buy all outstanding shares of a publicly traded company and remove it from stock exchanges, turning it into a privately held firm. For investors it matters because the offer sets a buyout price, can end public trading of the shares, and often triggers votes, regulatory reviews, and potential premiums or discounts compared with market value — like a homeowner receiving a buyout offer that would end public listing.
non-tariff trade barriers regulatory
"tariffs and non-tariff trade barriers, any shortages of vehicle components"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What dividend did Penske Automotive Group (PAG) declare on July 23, 2026?
On July 23, 2026, Penske Automotive Group’s Board approved a quarterly dividend of $1.44 per share, an increase of $0.02 or 1.4%. This brings the annualized dividend to $5.76 per share, marking the company’s 23rd consecutive quarterly dividend increase to date.
When will PAG’s $1.44 quarterly dividend be paid and who qualifies?
The $1.44 per share quarterly dividend will be paid on September 1, 2026. Shareholders who are on record as of August 14, 2026 will be entitled to receive this dividend payment, according to the company’s announcement.
How many consecutive quarterly dividend increases has PAG announced?
Penske Automotive Group has announced its 23rd consecutive quarterly dividend increase. The new $1.44 per share dividend, up $0.02, continues a multi-year pattern of steadily rising payouts, reflecting the company’s stated commitment to ongoing shareholder returns.
What is the annualized dividend rate for Penske Automotive Group (PAG) after this increase?
Following the latest change, Penske Automotive Group’s annualized dividend is $5.76 per share. This is based on the new quarterly rate of $1.44 per share, which represents a $0.02 or 1.4% increase over the prior quarterly dividend level.
What ownership stake does PAG hold in Penske Transportation Solutions?
Penske Automotive Group owns 28.9% of Penske Transportation Solutions. That business employs nearly 41,000 people worldwide and operates a fleet of over 387,500 trucks, tractors, and trailers under lease, rental, and maintenance contracts across North America.
How large is Penske Automotive Group’s workforce and geographic footprint?
Penske Automotive Group employs over 28,800 people worldwide and operates dealerships in the U.S., U.K., Canada, Germany, Italy, Japan, and Australia. It also distributes commercial vehicles and power systems, principally in Australia and New Zealand, reflecting a broad international presence.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | |||||
(Exact name of registrant as specified in its charter)
(State or other jurisdiction | (Commission | (I.R.S. Employer | ||||||||||||
of incorporation) | File Number) | Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: | ||||||||||||||
Not Applicable | ||||||||||||||
Former name or former address, if changed since last report | ||||||||||||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On July 23, 2026, we issued a press release announcing that our Board of Directors declared a quarterly dividend in the amount of $1.44 per share, payable on September 1, 2026 to shareholders of record as of August 14, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Index
Exhibit No. | Description | ||||||||||
99.1 | Press Release dated July 23, 2026. | ||||||||||
104 | Cover Page Interactive Data File (formatted as inline XBRL). | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Penske Automotive Group, Inc. | |||||||||||
July 23, 2026 | By: | /s/ Shane M. Spradlin | |||||||||
Name: Shane M. Spradlin | |||||||||||
Title: Executive Vice President | |||||||||||
Exhibit 99.1FOR IMMEDIATE RELEASE
PENSKE AUTOMOTIVE GROUP ANNOUNCES 23RD QUARTERLY DIVIDEND INCREASE
BLOOMFIELD HILLS, Mich., July 23, 2026 -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company’s 23rd consecutive quarterly dividend increase.
The dividend is payable September 1, 2026, to shareholders of record as of August 14, 2026.
“Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy,” said Robert H. Kurnick, Jr., President of Penske Automotive Group. “We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions.”
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,800 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 41,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 387,500 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
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
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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, labor strikes, 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 from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of electric vehicles; 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; 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, the cost of acquiring and the continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various regulations concerning 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 vehicle sales, including those related to the sales process, emissions standards, or electrification; 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; risks and uncertainties relating to an unsolicited, preliminary and non-binding take private proposal received from Penske Corporation and Mitsui & Co., Ltd. and their affiliates to acquire all of the shares of the Company not already owned by them, including the possibility that any such transaction may not be pursued, approved, or consummated on the proposed terms, within any anticipated timeframe, or at all; 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 risks and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2025, its Form 10-Q for the quarterly period ended March 31, 2026, 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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