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Penske Automotive raises quarterly dividend to 39 cents vs. 38 cents a share

Ciara Linnane

Penske Automotive Group Inc. said Thursday it is raising its quarterly cash dividend to 39 cents a share. The last dividend paid was 38 cents a share. The new dividend will be payable June 4 to shareholders of record as of May 20. Shares were not active premarket but have fallen 1.5% in the last 12 months, while the S&P 500 has gained 6.7%.