Penske Automotive Group, Inc. (NYSE:PAG) Raises Dividend to $1.44 Per Share

Posted by on Jul 23rd, 2026

Penske Automotive Group, Inc. (NYSE:PAG – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 14th will be given a dividend of 1.44 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.4% increase from Penske Automotive Group’s previous quarterly dividend of $1.42.

Penske Automotive Group has raised its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Penske Automotive Group has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Penske Automotive Group to earn $14.46 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 39.3%.

Penske Automotive Group Trading Up 0.5%

Shares of NYSE PAG traded up $1.14 during midday trading on Thursday, hitting $215.71. The stock had a trading volume of 859,867 shares, compared to its average volume of 315,461. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.39. Penske Automotive Group has a 1-year low of $140.12 and a 1-year high of $219.09. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.53 and a beta of 0.87. The company has a fifty day moving average price of $178.72 and a 200 day moving average price of $166.13.

Penske Automotive Group (NYSE:PAG – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $3.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.86 billion during the quarter, compared to the consensus estimate of $7.71 billion. During the same quarter in the prior year, the company earned $3.66 EPS. The company’s revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Penske Automotive Group will post 13.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAG has been the subject of several research reports. Weiss Ratings upgraded shares of Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. lifted their target price on shares of Penske Automotive Group from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group set a $190.00 price target on shares of Penske Automotive Group in a research report on Friday, July 10th. Bank of America increased their price target on Penske Automotive Group from $200.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Citigroup lowered Penske Automotive Group from a “buy” rating to a “neutral” rating and raised their price objective for the company from $199.00 to $210.00 in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Penske Automotive Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.00.

Check Out Our Latest Report on Penske Automotive Group

Penske Automotive Group Company Profile

(Get Free Report)

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.

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Dividend History for Penske Automotive Group (NYSE:PAG)

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