PACCAR Inc (PCAR) will pay a special cash dividend of $0.60 per share The special dividend will be payable on January 6, 2017, to stockholders of record at the close of business on December 16, 2016. PACCAR also declared a regular quarterly cash dividend in the amount of $0.24 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.”

Based on the regular annual dividend of $0.96 per share the estimated dividend yield for PACCAR is 1.4% at the current stock price of $68.07.

PACCAR Inc (PACCAR) is a manufacturer of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. In North America, trucks are sold under the Kenworth and Peterbilt nameplates, in Europe, under the DAF nameplate and in Australia and South America, under the Kenworth and DAF nameplates. The Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles. The company’s Financial Services segment derives its earnings primarily from financing or leasing PACCAR products in North America, Europe and Australia. The company’s Other business includes the manufacturing and marketing of industrial winches.