Penske Automotive Raises Quarterly Dividend To 32 Cents From 31 Cents

By Ciara Linnane Markets MarketWatch Pulse

Penske Automotive Group Inc. said Wednesday it is raising its quarterly dividend to 32 cents a share. The last dividend it paid was 31 cents. The new payment will be made pn Sept. 1 to shareholders of record as of Aug. 10. Shares are down 16% in 2017, while the S&P 500 has gained 10.6%.

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