Dec 5, 2017   SOURCE: BusinessWire

PACCAR Announces Extra Cash Dividend and Regular Quarterly Dividend

PACCAR Inc’s (Nasdaq: PCAR) Board of Directors today declared an extra cash dividend in the amount of one dollar and twenty cents ($1.20) per share, payable on January 4, 2018, to stockholders of record at the close of business on December 14, 2017. The Board of Directors also declared a regular quarterly cash dividend in the amount of twenty-five cents ($.25) per share, payable on March 6, 2018, to stockholders of record at the close of business on February 13, 2018.

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DAF XF and CF - International Truck of the Year 2018 (Photo: Business Wire)

DAF XF and CF - International Truck of the Year 2018 (Photo: Business Wire)

Mark Pigott, executive chairman, shared, “PACCAR’s profits and strong cash flow have enabled the company to invest in its industry-leading vehicles and powertrain, enhance its advanced driver assistance systems and connected truck technologies, expand its manufacturing facilities and aftermarket distribution centers, and pay dividends every year since 1941. PACCAR’s consistent excellent performance is strengthened by the outstanding customer support provided by its Kenworth, Peterbilt and DAF global dealer network of 2,100 locations.”

“PACCAR is proud to announce that the DAF XF and CF trucks have earned the 2018 International Truck of the Year (ITOY) award. This achievement is a testament to PACCAR’s world-class engineering capabilities and focus on transportation solutions that enhance customers’ operations,” said Ron Armstrong, chief executive officer. “PACCAR is a leader in alternative powertrain technologies, including LNG, CNG, and hybrids. PACCAR’s Innovation Center in Silicon Valley, California is accelerating partnerships in the development of electric and hydrogen fuel cell powertrains, as well as the deployment of big data analytics.”

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 diesel engines, 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.