Penske Automotive Group (NYSE:PAG) Has Announced That It Will Be Increasing Its Dividend To $1.19 [Yahoo! Finance]
Penske Automotive Group, Inc. (PAG)
Last penske automotive group, inc. earnings: 2/5 06:59 am
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Source: Yahoo! Finance
NYSE:PAG ) has announced that it will be increasing its dividend from last year's comparable payment on the 3rd of December to $1.19. This makes the dividend yield 2.7%, which is above the industry average. Penske Automotive Group's Payment Could Potentially Have Solid Earnings Coverage While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Before making this announcement, Penske Automotive Group was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. The next year is set to see EPS grow by 9.9%. If the dividend continues on this path, the payout ratio could be 31% by next year, which we think can be pretty sustainable going forward. Dividend Volatility The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The annual payment during the last 10 years was $0.68 in 2014, and the most recent fiscal ye
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- Penske Automotive Group Stock Dips After Q3 Earnings Miss Amid Continued Freight Challenges [Yahoo! Finance]Yahoo! Finance
- Penske Automotive GAAP EPS of $3.39 beats by $0.05, revenue of $7.59B misses by $80M [Seeking Alpha]Seeking Alpha
- PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTSPR Newswire
- PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA [Yahoo! Finance]Yahoo! Finance
PAG
Earnings
- 10/29/24 - Miss
PAG
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/8/24 - Form 4
- PAG's page on the SEC website