Revenues in the Retail Commercial Trucks increased to $426.8 million from $338.8 million in the year-ago quarter. Revenues in the Commercial Vehicles Australia/Power Systems and Other declined to $132.7 million from $146 million in the prior-year quarter. Financial Position Penske Automotive had cash and cash equivalents of $43.8 million as of Jun 30, 2019, up from $39.4 million recorded as of Dec 31, 2018. As of Jun 30, long-term debt was $2.1 million, in line with the figure as of Dec 31, 2018. Dividend and Share Repurchase On Jul 17, the company announced that its Board of Directors increased the dividend to its common stock shareholders to 40 cents per share. This marked the 33rd consecutive increase in quarterly dividend. In second-quarter 2019, the company repurchased 1,706,866 shares for $76.2 million or an average of $43.66 per share. As of Jun 30, it had roughly $74.4 million available under the existing share repurchase authorization.