Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 320 retail automotive franchises, including 146 franchises located in the United States and 174 franchises located outside of the United States; 23 CarShop used vehicle dealerships in the United States and the United Kingdom; and 37 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, and Oregon, as well as Canada. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.
Penske Automotive Dividend Announcement
• Penske Automotive announced a quarterly dividend of $1.19 per ordinary share which will be made payable on 2024-12-03. Ex dividend date: 2024-11-15
• Penske Automotive annual dividend for 2024 was $4.09
• Penske Automotive annual dividend for 2023 was $2.78
• Penske Automotive's trailing twelve-month (TTM) dividend yield is 2.43%
• Penske Automotive's payout ratio for the trailing twelve months (TTM) is 28.40%
• Penske Automotive's dividend growth over the last five years (2018-2023) was 14.38% year
• Penske Automotive's dividend growth over the last ten years (2013-2023) was 16.19% year
Penske Automotive Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-15 | $1.19 | quarterly | 2024-12-03 |
| 2024-08-15 | $1.07 | quarterly | 2024-09-04 |
| 2024-05-17 | $0.96 | quarterly | 2024-06-04 |
| 2024-02-14 | $0.87 | quarterly | 2024-03-01 |
| 2023-11-09 | $0.79 | quarterly | 2023-12-01 |
| 2023-08-09 | $0.72 | quarterly | 2023-09-01 |
| 2023-05-19 | $0.66 | quarterly | 2023-06-01 |
| 2023-02-09 | $0.61 | quarterly | 2023-03-01 |
| 2022-11-09 | $0.57 | quarterly | 2022-12-01 |
| 2022-08-09 | $0.53 | quarterly | 2022-09-01 |
| 2022-05-20 | $0.50 | quarterly | 2022-06-01 |
| 2022-02-09 | $0.47 | quarterly | 2022-03-01 |
| 2021-11-09 | $0.46 | quarterly | 2021-12-01 |
| 2021-08-09 | $0.45 | quarterly | 2021-09-01 |
| 2021-05-21 | $0.44 | quarterly | 2021-06-02 |
| 2021-02-09 | $0.43 | quarterly | 2021-03-01 |
| 2020-11-09 | $0.42 | quarterly | 2020-12-01 |
| 2020-02-21 | $0.42 | quarterly | 2020-03-03 |
| 2019-11-07 | $0.41 | quarterly | 2019-12-03 |
| 2019-08-08 | $0.40 | quarterly | 2019-09-04 |
| 2019-05-17 | $0.39 | quarterly | 2019-06-04 |
| 2019-02-08 | $0.38 | quarterly | 2019-03-01 |
| 2018-11-08 | $0.37 | quarterly | 2018-12-04 |
| 2018-08-09 | $0.36 | quarterly | 2018-09-05 |
| 2018-05-18 | $0.35 | quarterly | 2018-06-01 |
| 2018-02-09 | $0.34 | quarterly | 2018-03-01 |
| 2017-11-09 | $0.33 | quarterly | 2017-12-01 |
| 2017-08-08 | $0.32 | quarterly | 2017-09-01 |
| 2017-05-18 | $0.31 | quarterly | 2017-06-01 |
| 2017-02-15 | $0.30 | quarterly | 2017-03-01 |
| 2016-11-08 | $0.29 | quarterly | 2016-12-01 |
| 2016-08-08 | $0.28 | quarterly | 2016-09-01 |
| 2016-05-12 | $0.27 | quarterly | 2016-06-01 |
| 2016-02-08 | $0.26 | quarterly | 2016-03-01 |
| 2015-11-06 | $0.25 | quarterly | 2015-12-01 |
| 2015-08-06 | $0.24 | quarterly | 2015-09-01 |
| 2015-05-13 | $0.23 | quarterly | 2015-06-01 |
| 2015-02-06 | $0.22 | quarterly | 2015-03-02 |
| 2014-11-06 | $0.21 | quarterly | 2014-12-01 |
| 2014-08-07 | $0.20 | quarterly | 2014-09-02 |
| 2014-05-08 | $0.19 | quarterly | 2014-06-02 |
| 2014-02-06 | $0.18 | quarterly | 2014-03-03 |
| 2013-11-06 | $0.17 | quarterly | 2013-12-02 |
| 2013-08-08 | $0.16 | quarterly | 2013-09-03 |
| 2013-05-16 | $0.15 | quarterly | 2013-06-03 |
| 2013-02-07 | $0.14 | quarterly | 2013-03-01 |
Penske Automotive Dividend per year
Penske Automotive Dividend growth
Penske Automotive Dividend Yield
Penske Automotive current trailing twelve-month (TTM) dividend yield is 2.43%. Interested in purchasing Penske Automotive stock? Use our calculator to estimate your expected dividend yield:
Penske Automotive Financial Ratios
P/E ratio11.62
PEG ratio3.13
P/B ratio1.95
ROE17.73%
Payout ratio28.40%
Current ratio0.91
Quick ratio0.20
Cash Ratio0.01
Penske Automotive Dividend FAQ
How much is the next Penske Automotive dividend?
Penske Automotive's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Penske Automotive dividend. The next Penske Automotive dividend will be released in February, May, August, or November.
When is Penske Automotive dividend paid?
Penske Automotive pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Penske Automotive pay?
The specific amount of Penske Automotive dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Penske Automotive's dividend history.
Does Penske Automotive stock pay dividends?
Yes, Penske Automotive does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Penske Automotive's dividend history.
How much dividend does Penske Automotive pay?
Penske Automotive paid $4.09 in 2024, $2.78 in 2023, $2.07 in 2022, $1.78 in 2021, and $0.84 in 2020.
How often does Penske Automotive pay dividends?
Penske Automotive typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Penske Automotive's dividend yield?
The current dividend yield for Penske Automotive is 2.43%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Penske Automotive's exact dividend yield.
When does Penske Automotive go ex dividend?
Penske Automotive's ex-dividend date for the latest dividend was on 2024-11-15. Penske Automotive typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Penske Automotive dividend paid?
Penske Automotive pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Penske Automotive increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Penske Automotive will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Penske Automotive dividend per share?
Penske Automotive paid $4.09 per share in 2024 and $2.78 per share in 2023. The amount of dividend per share that Penske Automotive pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Penske Automotive a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Penske Automotive a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Penske Automotive a dividend stock?
Yes, Penske Automotive is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Penske Automotive a good dividend stock?
Whether Penske Automotive is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Penske Automotive has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Penske Automotive as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Penske Automotive as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Penske Automotive pay dividends monthly?
Penske Automotive typically pays dividends on a quarterly basis.
Does Penske Automotive pay dividends quarterly?
Penske Automotive currently pays dividends on a quarterly basis.
Has Penske Automotive ever paid a dividend?
Yes, Penske Automotive has a history of paying dividends to its shareholders. Penske Automotive is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Penske Automotive dividend stocks?
To buy Penske Automotive you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Penske Automotive stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Penske Automotive stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Penske Automotive pay dividends 2024?
Penske Automotive pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-03. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Penske Automotive increase its dividend in 2024?
Decisions regarding Penske Automotive dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Penske Automotive dividend overview you can look into the above table of dividend history.
How Penske Automotive dividend works?
The Penske Automotive dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Penske Automotive's dividend process works:
1. Determination of Dividend: Penske Automotive's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Penske Automotive publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Penske Automotive distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Penske Automotive are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Penske Automotive's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Penske Automotive publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Penske Automotive distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Penske Automotive are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Penske Automotive dividends paid?
Penske Automotive dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Penske Automotive sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Penske Automotive distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Penske Automotive declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Penske Automotive sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Penske Automotive distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Penske Automotive declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Penske Automotive pay dividends?
Penske Automotive typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Penske Automotive pay dividends?
The general pattern is that Penske Automotive pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Penske Automotive dividend safe?
The safety of Penske Automotive's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Penske Automotive's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Penske Automotive's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Penske Automotive's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Penske Automotive's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.