Penske Automotive raises quarterly dividend to 53 cents a share versus 50 cents

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Penske Automotive Group Inc. PAG, +1.02% said Thursday it is raising it quarterly cash dividend to 53 cents a share from 50 cents previously. The new dividend will be payable Sept. 1 to shareholders of record as of Aug. 10. Shares were down 2.5% Thursday.

This article was originally published by Marketwatch.com. Read the original article here.

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