PACCAR Announces Extra Cash Dividend

Rhea-AI Summary

PACCAR Inc (PCAR) declares an extra cash dividend of $3.20 per share, payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023. The company has generated excellent shareholder returns due to its industry-leading premium quality vehicles, strong growth in aftermarket parts and financial services, and innovative use of technology. 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. The company also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.

Positive

• Excellent shareholder returns
• Strong growth in aftermarket parts and financial services
• Innovative use of technology

Negative

• None.

BELLEVUE, Wash.--(BUSINESS WIRE)-- PACCAR Inc’s Board of Directors today declared an extra cash dividend of three dollars and twenty cents ($3.20) per share, payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023.

Mark Pigott, executive chairman, shared, “PACCAR has generated excellent shareholder returns due to its industry-leading premium quality vehicles, strong growth in aftermarket parts and financial services, and innovative use of technology to enhance customers’ operational performance.”

Preston Feight, chief executive officer, said, “PACCAR’s excellent profits and strong cash flow have enabled the company to invest in industry-leading new DAF, Kenworth and Peterbilt trucks, fuel efficient diesel and electric powertrain technologies, connected vehicle services, and next-generation manufacturing and parts distribution capabilities.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231204970783/en/

Ken Hastings

(425) 468-7530

ken.hastings@paccar.com

Source: PACCAR Inc

FAQ

When is the extra cash dividend payable for PACCAR Inc (PCAR) shareholders?

The extra cash dividend of $3.20 per share is payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023.

What are the key business areas of PACCAR Inc (PCAR)?

PACCAR is a global technology leader in the design, manufacture, and customer support of high-quality trucks under the Kenworth, Peterbilt, and DAF nameplates. The company also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.

What is the ticker symbol for PACCAR Inc?

The ticker symbol for PACCAR Inc is PCAR.

What is the homepage of PACCAR Inc?

The homepage of PACCAR Inc is www.paccar.com.