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Paccar Declares Extra Dividend


kscarbel
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Transport Topics / December 10, 2013

Truck and engine maker Paccar Inc. on December 10 declared an extra cash dividend of 90 cents per share in addition to its regular quarterly dividend of 20 cents a share.

The extra dividend, payable January 7 to stockholders as of December 20, reflects the company’s “excellent revenues, net income and cash flow,” Chairman and CEO Mark Pigott said in the announcement.

Pigott also cited “good” truck production in North America and Europe, “strong” parts sales and record profit at Paccar Financial Services.

Paccar’s operating companies build DAF, Kenworth and Peterbilt brand trucks.

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