Paccar Sets Special Dividend

Truck and engine maker Paccar Inc.’s board of directors has declared an extra cash dividend of 70 cents per share.

The extra dividend is payable Jan. 5 to stockholders as of Dec. 19.

CEO Mark Pigott said in a statement that the special dividend reflects the company’s growth in revenues and net income.

Paccar – the parent company of Kenworth Truck Co. and Peterbilt Motors Co., as well as Europe-based DAF – also declared a regular quarterly cash dividend of 18 cents per share, payable on March 5 to stockholders as of Feb. 17.