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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.