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.

My Year-End Scorecard

As I consider myself to be a long-term investor, I take short-term disappointment in stride…not a few months does a successful investment make. Having said that, periodic performance reviews should be undertaken to ensure the ‘story’ that lead you to invest in the business in the first place has not materially changed (i.e. obsolescence, regime change etc.) and the businesses are still attractive for the long haul.  Continue reading