PACCAR Inc (PCAR) today announced that its board of directors declared an extra cash dividend in the amount of thirty cents ($.30) per share, payable on December 29, 2010 to stockholders of record at the close of business on December 17, 2010.
The Board of Directors also declared a quarterly cash dividend in the amount of twelve cents ($.12) per share, payable on March 7, 2011, to stockholders of record at the close of business on February 17, 2011.
“This special dividend reflects improving, but still challenging, truck markets in Europe and North America. PACCAR has emerged from the recession in good financial position and is significantly increasing investment in new products and global markets,” said Mark Pigott, chairman and chief executive officer.
Shares of truck-builder Paccar lost $24 cents, or 0.43 percent, to $55.39 at 2:16 p.m. ET in Nasdaq composite trading.