PACCAR Announces Regular Quarterly Cash Dividend and Extra Cash Dividend
09 December 2020 - 5:00AM
Business Wire
PACCAR (Nasdaq: PCAR) Inc’s Board of Directors today declared a
regular quarterly cash dividend of thirty-two cents ($.32) per
share, payable on March 2, 2021, to stockholders of record at the
close of business on February 9, 2021. The Board of Directors
declared an extra cash dividend in the amount of seventy cents
($.70) per share, payable on January 6, 2021, to stockholders of
record at the close of business on December 18, 2020.
“PACCAR has generated excellent shareholder returns and annual
net income due to its industry leading premium-quality global
products, strong growth of aftermarket parts and services,
innovative use of technology, including e-commerce, and continued
expansion of its financial services,” shared Mark Pigott, executive
chairman. PACCAR has delivered annual dividends, including regular
quarterly and extra cash dividends, totaling approximately 50% of
net income for many decades. PACCAR’s average annual return to
stockholders has outperformed the S&P 500 index in the past
five-, fifteen- and twenty-year periods.
“PACCAR implemented stringent safety guidelines in all of its
facilities, earlier this year, to ensure the health and safety of
our employees. I am proud of our employees who have delivered
another year of excellent performance to our shareholders,” said
Preston Feight, PACCAR chief executive officer. “PACCAR’s profits
and strong cash flow have enabled the company to invest in new and
expanded manufacturing and distribution facilities, environmental
leadership, and new technologies such as autonomous driving, zero
emissions powertrains and connected vehicles. The truck markets in
North and South America and Europe have rebounded strongly this
year and it appears that 2021 should be another good year.”
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 Global Select Market, symbol PCAR. Its
homepage is www.paccar.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201208005995/en/
Ken Hastings (425) 468-7530 ken.hastings@paccar.com
PACCAR (NASDAQ:PCAR)
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