Penske Automotive Group, Inc. (PAG) To Go Ex-Dividend on May 26th

Penske Automotive Group, Inc. (NYSE:PAG) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, May 26th will be paid a dividend of 1.42 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 26th. This is a 1.4% increase from Penske Automotive Group’s previous quarterly dividend of $1.40.

Penske Automotive Group has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Penske Automotive Group has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Penske Automotive Group to earn $14.49 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 38.6%.

Penske Automotive Group Price Performance

Shares of NYSE PAG opened at $169.28 on Friday. Penske Automotive Group has a twelve month low of $140.12 and a twelve month high of $189.51. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.16 and a beta of 0.90. The firm has a 50-day moving average of $156.11 and a two-hundred day moving average of $160.36.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. Penske Automotive Group had a net margin of 2.85% and a return on equity of 15.13%. The company had revenue of $7.86 billion during the quarter, compared to the consensus estimate of $7.71 billion. During the same period in the prior year, the company earned $3.66 EPS. Penske Automotive Group’s revenue was down 1.1% on a year-over-year basis. As a group, analysts expect that Penske Automotive Group will post 13.44 earnings per share for the current fiscal year.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.