Perhaps fueled in part by the revenue generated by their used-vehicle departments, two of the publicly traded dealer groups are sharing the financial success with their shareholders.

This week, both Penske Automotive Group and Group 1 Automotive announced plans for dividends.

According to a news release from Penske, the company’s board of directors has increased the group’s dividend by 2.3% to $0.44 per share. Penske said the dividend is payable on June 2 to shareholders of record as of May 24.

“We are pleased to offer our shareholders an increase in the quarterly dividend,” Penske Automotive Group president Robert Kurnick said in that news release.

“Our business achieved record results in the first quarter and our cash flow remains strong. With this increase, the annualized dividend increases to $1.76 per share representing a yield of approximately 2%,” Kurnick continued.

And according to a news release from Group 1, the company’s board of directors declared a cash dividend of $0.33 per share for the first quarter.

Group 1 explained the dividend — which represents an increase of 6.5% or $0.02 per share from the fourth quarter — will be payable on June 15 to stockholders of record as of June 1.