PACCAR Inc's Board of Directors approved a 10% increase in the regular quarterly cash dividend, raising it from thirty cents ($.30) per share to thirty-three cents ($.33) per share. This decision reflects the company's consistent profitability and strong financial performance.
The increased dividend will be payable on March 5, 2025, to stockholders of record at the close of business on February 12, 2025. This marks a continued commitment by PACCAR to deliver shareholder returns.
Mark Pigott, executive chairman, stated that PACCAR has generated excellent shareholder returns and profitability for decades, attributing it to leadership in premium quality vehicles and aftermarket services. The company has historically delivered annual dividends, including regular quarterly and extra cash dividends, totaling approximately 50% of net income.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.