Paccar Declares Extra Dividend
Paccar Inc. would pay an extra cash dividend of 60 cents per share on Jan. 6, 2017, to stockholders of record at the close of business on Dec. 16. That is in addition to a regular quarterly cash dividend of 24 cents per share, payable on March 7, 2017, to stockholders of record at the close of business on Feb. 14, 2017, according to the truck and engine maker .
“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,” Mark Pigott, Paccar’s executive chairman, said in a statement.
Paccar reported that its third-quarter net income fell to $346 million, or 98 cents per share, compared with $431 million, or $1.21, in the 2015 period ended Sept. 30.
Revenue dropped to $4.3 billion compared with $4.9 billion a year earlier.
Bellevue, Washington-based Paccar is the parent company of the truck brands Kenworth Truck Co. and Peterbilt Motors Co. and the manufacturer of the MX series of commercial vehicle engines.
