Paccar Declares Special Dividend

Paccar Inc. said Tuesday it has declared a special cash dividend of 30 cents per share.

It is the truck maker's first special dividend since December 2008, Bloomberg reported.

The dividend is payable Dec. 29 to shareholders of recorded on Dec. 17.

“This special dividend reflects improving, but still challenging, truck markets in Europe and North America,” said CEO Mark Pigott.

Paccar is the parent company of U.S. truck makers Kenworth Truck Co. and Peterbilt Motors Co., and Europe-based DAF Trucks.