Paccar announces 50% stock dividend and increases quarterly cash dividend

Bellevue, wash.--( business wire )--paccar inc's board of directors today declared a 50 percent stock dividend of the company's common stock (i.e., one additional share for each two shares held). the new shares will be issued on february 7, 2023, to stockholders of record at the close of business on january 17, 2023. “paccar has earned a net profit for 83 consecutive years and paid a dividend every year since 1941,” said mark pigott, paccar executive chairman. “paccar has generated excellent shareholder returns due to its focus on the profitable growth of its business segments including premium quality trucks, aftermarket parts and financial services.”
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