PACCAR Inc. (NASDAQ:PCAR) Plans Quarterly Dividend of $0.33

Key Points

• PACCAR Inc. announced a quarterly dividend of $0.33 per share, with the ex-dividend date set for November 12th and a payment date of December 3rd.
• The company reported a net margin of 9.88% and earnings of $1.37 per share in its latest earnings results, surpassing estimates.
• PACCAR's stock is currently trading at $97.53, reflecting a slight decline of 0.7%, with a market cap of $51.21 billion.

PACCAR Inc. (NASDAQ:PCAR - Get Free Report) announced a quarterly dividend on Tuesday, September 9th. Stockholders of record on Wednesday, November 12th will be paid a dividend of 0.33 per share on Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 12th.

PACCAR has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect PACCAR to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.4%.

PACCAR Trading Up 0.7%

Shares of PCAR stock traded up $0.75 on Friday, reaching $102.51. The company had a trading volume of 3,812,113 shares, compared to its average volume of 1,994,338. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57. The stock has a market cap of $53.83 billion, a PE ratio of 17.55, a PEG ratio of 4.09 and a beta of 0.94. The company has a 50-day moving average of $98.48 and a 200-day moving average of $96.16. PACCAR has a 12 month low of $84.65 and a 12 month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $7.02 billion. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.PACCAR's revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. On average, equities analysts forecast that PACCAR will post 7.57 earnings per share for the current year.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.