PACCAR Inc. (NASDAQ:PCAR) Announces Quarterly Dividend of $0.35

by · The Markets Daily

PACCAR Inc. (NASDAQ:PCAR – Get Free Report) declared a quarterly dividend on Tuesday, July 14th. Shareholders of record on Wednesday, August 12th will be given a dividend of 0.35 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th.

PACCAR has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. PACCAR has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PACCAR to earn $6.56 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 21.3%.

PACCAR Price Performance

NASDAQ PCAR opened at $123.94 on Wednesday. The company has a 50-day moving average price of $116.70 and a two-hundred day moving average price of $119.37. PACCAR has a 52 week low of $92.25 and a 52 week high of $131.88. The stock has a market cap of $65.23 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.15. The company had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.44 billion. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Analysts forecast that PACCAR will post 5.58 EPS for the current year.

About PACCAR

(Get Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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