Paccar Increases Regular Dividend

Paccar booth A Paccar booth at an industry show. (John Sommers II for Transport Topics)

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Paccar Inc. announced an increase of 9% in its regular quarterly cash dividend to 37 cents from 34 cents per share.

The dividend will be payable on Dec. 6 to stockholders of record at the close of business Nov. 15.

Paccar Inc. reported record net income and revenue for the second quarter as all segments of its business showed strength.

“Peterbilt, Kenworth and DAF’s [its European brand] new range of fuel-efficient heavy- and medium-duty trucks and Paccar’s growing aftermarket parts and finance businesses are delivering excellent performance for our customers,” Paccar CEO Preston Feight said in a release. — Transport Topics

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