PACCAR (PCAR) Declares $1.40 Special Dividend; 2.9% Yield

PACCAR (NASDAQ: PCAR) declared a special dividend of $1.40 per share.

The dividend will be payable on January 5, 2016, to stockholders of record on December 18, 2015.

The annual yield on the dividend is 2.9 percent.

“PACCAR’s results reflect strong truck sales in North America and Europe, and excellent aftermarket parts and financial services results worldwide,” said Ron Armstrong, chief executive officer. “PACCAR’s customers are benefiting from good economic growth, strong freight tonnage, lower fuel prices, and the excellent operating efficiency of our industry-leading Kenworth, Peterbilt and DAF trucks. U.S. and Canada Class 8 truck industry retail sales through October were 14 percent higher than the same period last year, and European truck industry above 16-tonne registrations through October were 18 percent above last year’s comparable period.”

For a dividend history and other dividend-related data on PACCAR (PCAR) click here.

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