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:
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!
Automobile dealership major Penske Automotive Group (NYSE: PAG) recently reported strong 2016 results, key highlights of which are shown below:
Shareholders were also rewarded with a 1 cent or 3% increase in the company’s quarterly dividend to 30 cents per share. This most recent dividend increase represents the company’s 23rd such consecutive quarterly increase 🙂
See below for why I think PAG is a good long-term hold for the serious dividend investor:
Kicking The Tires On A New Car…And On A New Investment.
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
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:
Six of my nine picks are in the black.
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
The Security Whisperer 