Penske Automotive Group Increases Quarterly Dividend 3.6%.

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

 

Penske Automotive Group (NYSE: PAG) Expands Network With Italy Buy.

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:

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

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

If you have ever test-driven a new or used car in the U.S., U.K, or Germany…chances are  good that the car was from a dealership operated by Penske Automotive Group, Inc. (NYSE: PAG), a Fortune 500 company with more than 300 franchises covering 40 different vehicle brands. Lets see if that glorious “new car” smell extends to PAG as a long-term investment shall we: Continue reading