PACCAR Inc. (NASDAQ:PCAR) Announces Quarterly Dividend of $0.35

Key Points

• PACCAR declared a quarterly dividend of $0.35 per share, payable December 2 to shareholders of record November 11. The ex-dividend date is November 10, and the annualized yield is approximately 1.2%.
• PACCAR has raised its dividend for five consecutive years, with a 20.7% payout ratio indicating substantial earnings coverage. Analysts expect a future payout ratio of about 19.4%.
• The company reported quarterly EPS of $1.43, exceeding estimates of $1.36, while revenue reached $7.55 billion versus the $7.05 billion consensus estimate.

PACCAR Inc. (NASDAQ:PCAR - Get Free Report) declared a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, November 11th will be given a dividend of 0.35 per share on Wednesday, December 2nd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th.

PACCAR has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. PACCAR has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PACCAR to earn $7.23 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 19.4%.

PACCAR Trading Down 0.7%

Shares of PCAR opened at $117.36 on Friday. PACCAR has a 1-year low of $92.25 and a 1-year high of $139.24. The company has a market capitalization of $61.77 billion, a P/E ratio of 24.66, a P/E/G ratio of 1.35 and a beta of 0.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. The firm's 50 day simple moving average is $127.76 and its 200 day simple moving average is $121.51.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.07. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. Sell-side analysts forecast that PACCAR will post 5.91 earnings per share for the current fiscal year.

About PACCAR

PACCAR Inc is a global manufacturer of heavy-duty, medium-duty and light-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company serves the over-the-road, vocational and construction markets, offering vehicles designed for freight transportation and other commercial applications.

In addition to truck manufacturing, PACCAR operates PACCAR Parts, which distributes replacement parts and related services through a global network. The company also provides truck financing and leasing through PACCAR Financial, supporting customers and dealers in several major markets.

PACCAR traces its history to 1905 and has grown from a regional equipment manufacturer into an international transportation company.

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