Penske Automotive Group, Inc., an international transportation services company, announced that its Board of Directors has approved a cash dividend of $0.18 per share for the fourth quarter of 2013.
According to a release, the dividend is payable on March 3, to shareholders of record on February 10.
Penske Automotive Group President Robert H. Kurnick, Jr., said, "Our Board of Directors is pleased to offer our shareholders a 5.9 percent increase in the quarterly dividend to $0.18. The increase in the dividend reflects the confidence we have in the strength of the automotive retail market and our ability to continue growing our overall business."
Penske Automotive Group, Inc. is an international transportation services company, operating retail automotive dealerships, Hertz car rental franchises and commercial vehicle distribution.
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