BELLEVUE, Wash.--(BUSINESS WIRE)--
PACCAR Inc’s (Nasdaq:PCAR) Board of Directors today declared an extra cash dividend in the amount of sixty cents ($.60) per share, payable on January 6, 2017, to stockholders of record at the close of business on December 16, 2016. The Board of Directors also declared a regular quarterly cash dividend in the amount of twenty-four cents ($.24) per share, payable on March 7, 2017, to stockholders of record at the close of business on February 14, 2017. Mark Pigott, executive chairman, shared, “PACCAR’s profits and strong cash flow have enabled the company to invest in industry-leading vehicles and powertrain, enhance its connected truck technologies, expand its aftermarket distribution centers and pay dividends every year since 1941.”
“PACCAR’s results reflect a strong truck market in Europe, increased heavy-duty truck market share in North America and Europe, and good aftermarket parts and financial services results worldwide,” said Ron Armstrong, chief executive officer. “PACCAR’s customers are benefiting from good economic growth and the excellent operating efficiency of our industry-leading Kenworth, Peterbilt and DAF trucks. Peterbilt and Kenworth achieved record third quarter U.S. and Canada Class 8 retail sales market share of 31.0 percent. DAF’s year-to-date above 16-tonne European truck market share increased to 15.6 percent compared to 14.6 percent in the same period last 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 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.
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