PACCAR Increases Regular Quarterly Dividend
April 30 2024 - 5:14PM
Business Wire
PACCAR Inc’s Board of Directors today approved an increase of
11% in the regular quarterly cash dividend from twenty-seven cents
($.27) per share to thirty cents ($.30) per share. The dividend
will be payable on June 5, 2024, to stockholders of record at the
close of business on May 15, 2024.
Mark Pigott, executive chairman, shared, “PACCAR has generated
excellent shareholder returns and profitability, for decades, due
to its leadership in premium quality vehicles and aftermarket
services. PACCAR has delivered annual dividends, including regular
quarterly and extra cash dividends, totaling approximately 50% of
net income for many years. PACCAR’s shareholders have earned
returns that have exceeded the S&P 500 index for the last 20
years.”
Preston Feight, chief executive officer, commented, “Kenworth,
Peterbilt and DAF trucks deliver excellent fuel efficiency,
industry-leading driver comfort and low operating costs to our
customers. PACCAR is manufacturing the most impressive new truck
range in its history and is investing in the next generation of
vehicle technologies. PACCAR Parts and PACCAR Financial Services
are contributing significantly to the success of PACCAR and its
customers.”
PACCAR is a global technology leader in the design, manufacture
and customer support of high-quality light-, medium- and heavy-duty
trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR
also designs and manufactures advanced powertrains, provides
financial services and information technology, and distributes
truck parts related to its principal business. PACCAR shares are
listed on the NASDAQ Stock Market, symbol PCAR. Its homepage is
www.paccar.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240429977919/en/
Ken Hastings (425) 468-7530 ken.hastings@paccar.com
PACCAR (NASDAQ:PCAR)
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