Penske Automotive raises quarterly cash dividend to 41 cents a share
Penske Automotive Group In c. said Wednesday its board has approved another increase in its quarterly cash dividend, boosting it to 41 cents a share from 40 cents last quarter. The operator of commercial truck dealerships and parts maker said it's the 34th straight quarterly increase. The new dividend will be payable Dec. 3 to shareholders of record as of Nov. 8. Shares were not yet active premarket, but have gained 11.8% in 2019, while the S&P 500 has gained 19.5%.
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