Every Little Bit Helps: PAG Boosts Quarterly Dividend to 33c Per Share.

Penske Automotive Group, Inc. (NYSE: PAG) today announced that it is increasing its quarterly dividend to 33c per share from 32c per share. This equates to a 3% qoq increase.

While “small” when considered in isolation, the most recent quarterly dividend increase is actually the Company’s 26th such consecutive quarterly dividend bump.

See here for why I believe PAG is a solid long-term hold for dividend investors:

Kicking The Tires On A New Car…And On A New Investment.

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Updated: Scorecard to 2017-09-29

Better late than never.

MMC continues to lead the way with a gain of 60% (excluding dividends) since I first made mention of it in October of 2015. Check the link here to read my analysis of the Company: Boring Is Beautiful: Marsh & McLennan Companies

Marketing juggernaut OMC continues to struggle, but I still believe the Company is an attractive long-term hold for the serious dividend investor. You can read my write-up on the Company here: A Stock even “MADMEN” Would Love.

Check out “My Scorecard” page for how my picks have been faring since first mention.

Happy Investing!

 

 

Long-Term Pick Trinity Industries, Inc. (NYSE: TRN) Soars After Judgment Reversal.

Shares of Trinity Industries, Inc. soared more than 10% today on news of the reversal of a $663M judgment against the company.

You can visit my analysis of why I think TRN is good long-term hold for the serious dividend investor here (the stock is up a little over 36% since I first made mention of it on my blog):

A Street (Rail) Car Named Desire (Trinity Industries)

 

 

 

Genuine Parts Company Announces Major European Move and Investors Applaud!

Dividend favorite Genuine Parts Company (NYSE: GPC) announced a near $2B move to enter the European market with a deal to acquire Alliance Automotive Group; sending GPC shares up more than $5 or nearly 6% on the day.

While not cheap, I believe today’s deal makes the company even more attractive for the long-term investor looking for a well-run business operating in an attractive sector.

Check out my original post on GPC from October 2015:

Tuning Your Car’s Engine…And Your Portfolio.

 

 

Toromont Industries Ltd. Announces 2016 Earnings and Increases Quarterly Dividend :):)

Toromont Industries Limited today announced it is increasing its quarterly dividend 6% to CAD$0.19 per share, and this represents the 28th consecutive year of dividend increases for the company.

See below link for news on 2016 financial performance and dividend announcement:

https://www.toromont.com/newsdetails.asp?ReleaseID=1010626

See below my rationale for investing in Toromont Industries Ltd.:

Heavy Duty Success: Toromont Industries Ltd.