Automobile retailer Penske Automotive Group (NYSE: PAG) announced a U.S. 1 cent increase in its quarterly dividend to U.S. 29 cents per share today. Today’s dividend increase follows similar increases announced in January, May, and July of this year, and amounts to a total increase over the final quarterly 2015 dividend of an impressive 16%.
You can read the announcement here:
http://investors.penskeautomotive.com/phoenix.zhtml?c=82644&p=irol-newsArticle&ID=2212893
Following my first “Boring Is Beautiful” post which highlighted insurance broker and risk management specialist Marsh & McLennan Companies (see Boring Is Beautiful: Marsh & McLennan Companies), logistics major C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) is another company which I believe deserves an investor’s attention. Continue reading
Every investor is waiting with baited breath to know what the Oracle of Omaha will do with this bundle of cash:
The deal was announced on October 3:
http://www.prnewswire.com/news-releases/penske-automotive-expands-presence-in-italy-300337902.html
Click below for my take on why I believe PAG is a good investment:
A Morgan Stanley-backed investment fund recently announced it has taken a stake in baby and adult diaper maker DSG International Thailand:
http://www.reuters.com/article/us-dsg-intl-th-morgan-stanley-m-a-idUSKCN12B10H
Groupe Bruxelles Lambert, a Belgium-based investment holding company which I believe is a good long-term hold and is up nearly 15% in EUR terms since my post (ABC, DEF, GBL?), also has exposure to a similar business via its investment in Belgium’s Ontex (www.ontexglobal.com).
I am going to go out on a limb here, but it looks like the smart money may be in diapers.
The Security Whisperer 