PACCAR Declares Quarterly Dividend

PACCAR (NASDAQ: PCAR  ) is motoring straight ahead, at least as far as its dividend policy is concerned. The company has declared its latest payout, which will amount to $0.20 per share. This is to be distributed on June 5 to shareholders of record as of May 17, and it matches the company's most recent regular dividend, which was paid in March. The company also handed out an extra distribution of $0.80 per share in December 2012.

In the press release announcing the fresh dividend, PACCAR quoted President Ron Armstrong as saying the strength of its balance sheet has "enabled the company to invest over $1.5 billion in new products and services in the last two years," in addition to paying regular distributions.

The just-declared dividend annualizes to $0.80 per share. That yields 1.6% at PACCAR's current stock price of $49.83.

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  • Report this Comment On April 30, 2013, at 12:34 AM, GETRICHSLOW2 wrote:

    The $0.70 payout you mention was actually in Jan. of 2012 which resulted in a 5% yield for 2012 based on the current price.

    PCAR also paided an $0.80 special payout on 12-28-12 to beat the tax law changes. This is not included above as it should be part of 2013's payout.

  • Report this Comment On April 30, 2013, at 12:40 AM, GETRICHSLOW2 wrote:

    OOPS! I made a boo boo below. The total payout for 2012 was $1.48 which would be roughly a 3% yield. not 5%.

    Sorry.

  • Report this Comment On April 30, 2013, at 2:05 PM, TMFVolkman wrote:

    GETRICHSLOW2, no problem! I was actually calculating the annual rate for the REGULAR dividend. I don't include any specials because they tend to be one-offs.

  • Report this Comment On April 30, 2013, at 3:18 PM, TMFVolkman wrote:

    GETRICHSLOW2, you're absolutely right about the special dividend - it was indeed $0.80 paid at the end of last year. We'll correct the story - thanks for the catch!

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