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AI brief of an SEC Form 8-K · Penske Automotive (PAG)

Penske Automotive raises quarterly dividend 3.3% to $1.26, adds $250 million buyback

Positive Impact 3 of 5 shareholder Written later

Penske Automotive Group's board declared a quarterly dividend of $1.26 per share, up 3.3% from the prior quarter, and added $250 million to its securities repurchase authority, bringing the total to $295.8 million. The dividend is the company's 18th consecutive quarterly increase, and the filing also reports that all proposals at the May 14, 2025 annual meeting were approved.

Key points

  • Quarterly dividend of $1.26 per share, an increase of $0.04 (3.3%), payable June 3, 2025 to holders of record as of May 27, 2025
  • Additional $250 million in repurchase authority; total current authority is $295.8 million as of May 14, 2025
  • All proposals approved at the May 14, 2025 annual meeting, including election of 13 directors and ratification of Deloitte & Touche LLP for 2025

The filing

CompanyPenske Automotive (PAG)
Form8-K, current report
Filed with the SECMay 16, 2025, 4:15 PM ET
Accession number0001019849-25-000059

Items reported: 1.01 Material Definitive Agreement5.07 Shareholder Vote Results8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 16, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.