Penske Automotive Group Inc

PAG: XNYS (USA)
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Penske Earnings: Cash Machine Funding More Acquisitions and a Dividend Hike

Penske's fourth quarter saw lower overhead cost scaling and same-store revenue declines of 3.6% in retail automotive and 6.2% in truck stores. The company maintained its emphasis on dividends, with its 21st consecutive quarterly increase, this time by 1.4% to $1.40 per share.

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