Penske Automotive Group Stock To Go Ex-dividend Tomorrow (PAG)

NEW YORK ( TheStreet) -- The ex-dividend date for Penske Automotive Group (NYSE: PAG) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $26 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Penske Automotive Group has been 528,700 shares per day over the past 30 days. Penske Automotive Group has a market cap of $2.42 billion and is part of the services sector and specialty retail industry. Shares are up 36% year to date as of the close of trading on Friday.

Penske Automotive Group, Inc. operates as an automotive retailer. The company has a P/E ratio of 12.9, above the average specialty retail industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Penske Automotive Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Penske Automotive Group Ratings Report.

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