Attached files
file | filename |
---|---|
EX-16.1 - EX-16.1 - PENSKE AUTOMOTIVE GROUP, INC. | exhibit1.htm |
8-K - LIVE FILING - PENSKE AUTOMOTIVE GROUP, INC. | htm_54930.htm |
FOR IMMEDIATE RELEASE |
PENSKE AUTOMOTIVE INCREASES DIVIDEND
Shareholders to Receive $0.31 per Share
BLOOMFIELD HILLS, MI, May 10, 2017 Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.31 per share for the first quarter of 2017.
Commenting on the dividend, Penske Automotive Group President Robert H. Kurnick, Jr., said, Based on the strength of the companys financial performance in the first quarter of 2017, the Board of Directors is pleased to offer an increase in the quarterly dividend, representing the 24th consecutive quarterly increase for PAGs shareholders.
The dividend is payable on June 1, 2017, to shareholders of record on May 22, 2017.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements regarding Penske Automotive
Group, Inc.s future sales potential and outlook. Actual results may vary materially because of
risks and uncertainties that are difficult to predict. These risks and uncertainties include,
among others: economic conditions generally, conditions in the credit markets and changes in
interest rates and foreign currency exchange rates, adverse conditions affecting a particular
manufacturer, including the adverse impact to the vehicle and parts supply chain due to natural
disasters, recalls or other disruptions that interrupt the supply of vehicles or parts to us,
changes in consumer credit availability, 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 Automotives business, markets,
conditions and other uncertainties, which could affect Penske Automotives future performance.
These risks and uncertainties are addressed in Penske Automotives Form 10-K for the year ended
December 31, 2016, and its other filings with the Securities and Exchange Commission (SEC). This
press release speaks only as of its date, and Penske Automotive disclaims any duty to update the
information herein.
About Penske Automotive
Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an
international transportation services company that operates automotive and commercial truck
dealerships principally in the United States, Canada and Western Europe, and distributes commercial
vehicles, diesel engines, gas engines, power systems and related parts and services principally in
Australia and New Zealand. PAG employs more than 25,000 people worldwide and is a member of the
Fortune 500 and Russell 2000. For additional information, visit the companys website at
www.penskeautomotive.com.
Find a vehicle: http://www.penskecars.com
Engage Penske Automotive: http://www.penskesocial.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/Penskecarscorp
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars
Inquiries should contact:
J. D. Carlson Executive Vice President and Chief Financial Officer Penske Automotive Group, Inc. 248-648-2810 jcarlson@penskeautomotive.com |
Anthony R. Pordon Executive Vice President Investor Relations and Corporate Development Penske Automotive Group, Inc. 248-648-2540 tpordon@penskeautomotive.com |
# # #