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8-K - LIVE FILING - PENSKE AUTOMOTIVE GROUP, INC. | htm_46960.htm |
FOR IMMEDIATE RELEASE
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PENSKE AUTOMOTIVE INCREASES DIVIDEND 7.7%
BLOOMFIELD HILLS, MI, January 29, 2013 Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has approved a cash dividend of $0.14 per share for the fourth quarter of 2012. The dividend is payable on March 1, 2013, to shareholders of record on February 11, 2013.
Commenting on the dividend increase, Penske Automotive Group President Robert H. Kurnick, said Increasing the dividend to $0.14 per share demonstrates the strength of our financial performance, our commitment to returning capital to shareholders and the confidence we have in the auto retail environment.
About Penske Automotive
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 344
retail automotive franchises, representing over 40 different brands and 30 collision repair
centers. Penske Automotive, which sells new and previously owned vehicles, finance and insurance
products and replacement parts, and offers maintenance and repair services on all brands it
represents, has 173 franchises in 18 states and Puerto Rico and 171 franchises located outside the
United States, primarily in the United Kingdom. Penske Automotive is a member of the
Fortune 500 and Russell 2000 and has approximately 16,700 employees.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking
statements regarding Penske Automotive Group, Inc.s future sales potential and outlook. Actual
results may vary materially because of risks and uncertainties that are difficult to predict. These
risks and uncertainties include, among others: economic conditions generally, conditions in the
credit markets and changes in interest rates, adverse conditions affecting a particular
manufacturer, including the adverse impact to the vehicle and parts supply chain due to natural
disasters or other disruptions that interrupt the supply of vehicles or parts to us; changes in
consumer credit availability, the outcome of legal and administrative matters, and other factors
over which management has limited control. These forward-looking statements should be evaluated
together with additional information about Penske Automotives business, markets, conditions and
other uncertainties, which could affect Penske Automotives future performance. These risks and
uncertainties are addressed in Penske Automotives Form 10-K for the year ended December 31, 2011,
and its other filings with the Securities and Exchange Commission (SEC). This press release
speaks only as of its date, and Penske Automotive disclaims any duty to update the information
herein.
Find a vehicle: http://www.penskecars.com
Engage Penske Automotive: http://www.penskesocial.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/#!/Penskecarscorp
Visit Penske Automotive on YouTube:
Inquiries should contact:
David K. Jones Executive Vice President and Chief Financial Officer Penske Automotive Group, Inc. 248-648-2800 dave.jones@penskeautomotive.com |
Anthony R. Pordon Executive Vice President Investor Relations and Corporate Development Penske Automotive Group, Inc. 248-648-2540 tpordon@penskeautomotive.com |
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