Much to its shareholders’ delight, Penske Automotive Group, Inc.’s (PAG - Free Report) board of directors has approved a 3.1% hike in cash dividend per share for the third quarter of 2017. The revised dividend of 33 cents will be paid on Dec 1, 2017 to shareholders of record as of Nov 10, 2017.
This marks the company’s 26th consecutive quarter of dividend increase . The company had earlier paid 32 cents of dividend per common share on Sep 1, 2017 for the second quarter of fiscal 2017. This persistent rise in dividend denotes the management’s undiminished confidence on the diversified business model of the company.
Based in Bloomfield Hills, MI, the company is one of the largest automotive retailers in the United States. Primarily engaged in new and used vehicles sale, Penske Automotive also offers insurance and vehicle service contracts, replacement parts, maintenance repair services and aftermarket automotive products.
Penske Automotive Group, Inc. Price and Consensus
Shares of Penske Automotive have underperformed the industry it belongs to in the last six months. The stock has gained 3.3% compared with the industry’s 19.7% rally.
Penske Automotive currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are The Goodyear Rubber & Tire Company (GT - Free Report) , Magna International Inc. (MGA - Free Report) and Navistar International Corporation , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Goodyear has an expected long-term earnings growth rate of 12.4%.
Magna has an expected long-term earnings growth rate of 9.5%.
Navistar has an expected long-term earnings growth rate of 5%.
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Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Much to its shareholders’ delight, Penske Automotive Group, Inc.’s (PAG - Free Report) board of directors has approved a 3.1% hike in cash dividend per share for the third quarter of 2017. The revised dividend of 33 cents will be paid on Dec 1, 2017 to shareholders of record as of Nov 10, 2017.
This marks the company’s 26th consecutive quarter of dividend increase . The company had earlier paid 32 cents of dividend per common share on Sep 1, 2017 for the second quarter of fiscal 2017. This persistent rise in dividend denotes the management’s undiminished confidence on the diversified business model of the company.
Based in Bloomfield Hills, MI, the company is one of the largest automotive retailers in the United States. Primarily engaged in new and used vehicles sale, Penske Automotive also offers insurance and vehicle service contracts, replacement parts, maintenance repair services and aftermarket automotive products.
Penske Automotive Group, Inc. Price and Consensus
Shares of Penske Automotive have underperformed the industry it belongs to in the last six months. The stock has gained 3.3% compared with the industry’s 19.7% rally.
Penske Automotive currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are The Goodyear Rubber & Tire Company (GT - Free Report) , Magna International Inc. (MGA - Free Report) and Navistar International Corporation , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Goodyear has an expected long-term earnings growth rate of 12.4%.
Magna has an expected long-term earnings growth rate of 9.5%.
Navistar has an expected long-term earnings growth rate of 5%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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