BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc’s (Nasdaq:PCAR) Board of Directors today declared a four percent increase to the regular quarterly cash dividend to twenty-five cents ($.25) per share from twenty-four cents ($.24), payable on June 6, 2017, to stockholders of record at the close of business on May 19, 2017.
“The increase in the quarterly dividend reflects PACCAR’s strong operating results,” said Mark Pigott, PACCAR executive chairman. “In the first quarter of 2017, PACCAR achieved net income of $310.3 million ($.88 per diluted share) as a result of increasing global truck deliveries and PACCAR Parts record quarterly profits.” PACCAR has earned a net profit for 78 consecutive years and has paid a dividend every year since 1941. PACCAR has increased its regular quarterly dividend by 14% in the last two years.
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.