Dividend Increased by $0.03 per share, or 6%, to $0.53

BLOOMFIELD HILLS, Mich., July 21, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company's dividend by $0.03 per share, or 6%, to $0.53 per share.  "Based on our continued strong cash flow and the strength of the Company's diversified business model, we are delighted to provide our shareholders with a three cent increase in the cash dividend," said Penske Automotive Group President, Robert Kurnick, Jr.  The dividend is payable September 1, 2022, to shareholders of record on August 10, 2022.