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Penske Automotive Group (Penske Automotive Group) 3-Year Dividend Growth Rate

: 49.00% (As of Dec. 2023)
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Penske Automotive Group's Dividends per Share for the three months ended in Dec. 2023 was $0.79.

The historical rank and industry rank for Penske Automotive Group's 3-Year Dividend Growth Rate or its related term are showing as below:

PAG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -12.6   Med: 15.85   Max: 75.4
Current: 49

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Penske Automotive Group was 75.40% per year. The lowest was -12.60% per year. And the median was 15.85% per year.

PAG's 3-Year Dividend Growth Rate is ranked better than
89.51% of 534 companies
in the Vehicles & Parts industry
Industry Median: 9.9 vs PAG: 49.00

During the past 12 months, Penske Automotive Group's average Dividends Per Share Growth Rate was 34.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 49.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Penske Automotive Group's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.28. As of today, Penske Automotive Group's Dividend Yield % is 2.04%.

Good Sign:

Penske Automotive Group Inc stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Auto & Truck Dealerships subindustry, Penske Automotive Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Penske Automotive Group 3-Year Dividend Growth Rate Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Penske Automotive Group's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Penske Automotive Group's 3-Year Dividend Growth Rate falls into.



Penske Automotive Group 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Penske Automotive Group  (NYSE:PAG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Penske Automotive Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.79/ 2.84
=0.28

During the past 13 years, the highest Dividend Payout Ratio of Penske Automotive Group was 0.30. The lowest was 0.11. And the median was 0.21.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Penske Automotive Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.8702024-02-142024-02-152024-03-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.7902023-11-092023-11-102023-12-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.7202023-08-092023-08-102023-09-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.6602023-05-192023-05-222023-06-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Penske Automotive Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.04/147.94
=2.05 %

Current Share Price is $147.94.
Penske Automotive Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.04.

During the past 13 years, the highest Dividend Yield of Penske Automotive Group was 7.15%. The lowest was 0.92%. And the median was 1.80%.

Good Sign:

Penske Automotive Group Inc stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Penske Automotive Group 3-Year Dividend Growth Rate Related Terms>


Penske Automotive Group (Penske Automotive Group) Business Description

Traded in Other Exchanges
Address
2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954
Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.
Executives
Sandra E. Pierce director 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Kurnick Robert H Jr director, officer: President 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
John Barr director 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
Michelle Hulgrave officer: EVP & CFO 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Shane M. Spradlin officer: EVP, Gen. Counsel & Sec. 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Kimberly J Mcwaters director 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Lisa Ann Davis director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Greg C Smith director FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124
Denker Claude H Iii officer: EVP - Human Resources 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Roger S Penske director, 10 percent owner, officer: Chair & CEO 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
H Brian Thompson director 1950 OLD GALLOWS ROAD SUITE 201, VIENNA VA 22182
Ronald G Steinhart director 3890 WEST NORTHWEST HIGHWAY SUITE 400, DALLAS TX 75220
Michael R Eisenson director C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210
Gregory W Penske director 3534 NORTH PECK ROAD, EL MONTE CA 91731
Wolfgang Duerheimer director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302